Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Bed Bath & Beyond Inc., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Bed Bath & Beyond Inc. inventory turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Bed Bath & Beyond Inc. payables turnover ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Bed Bath & Beyond Inc. working capital turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. |
Inventory Turnover
Bed Bath & Beyond Inc., inventory turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cost of sales | 5,384,287) | 6,114,947) | 7,616,920) | 7,924,817) | 7,906,286) | 7,639,407) | |
| Merchandise inventories | 1,725,410) | 1,671,909) | 2,093,869) | 2,618,922) | 2,730,874) | 2,905,660) | |
| Short-term Activity Ratio | |||||||
| Inventory turnover1 | 3.12 | 3.66 | 3.64 | 3.03 | 2.90 | 2.63 | |
| Benchmarks | |||||||
| Inventory Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 8.40 | 8.34 | 9.80 | 8.08 | — | — | |
| Home Depot Inc. | 4.55 | 5.25 | 5.00 | 5.10 | — | — | |
| Lowe’s Cos. Inc. | 3.65 | 3.71 | 3.73 | 3.85 | — | — | |
| TJX Cos. Inc. | 5.82 | 5.66 | 6.13 | 6.08 | — | — | |
| Inventory Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 6.10 | 6.36 | 6.83 | 6.07 | — | — | |
| Inventory Turnover, Industry | |||||||
| Consumer Discretionary | 6.74 | 7.06 | 7.55 | 7.84 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Inventory turnover = Cost of sales ÷ Merchandise inventories
= 5,384,287 ÷ 1,725,410 = 3.12
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Bed Bath & Beyond Inc. inventory turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Receivables Turnover
Bed Bath & Beyond Inc., receivables turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Accounts receivable | —) | —) | —) | —) | —) | —) | |
| Short-term Activity Ratio | |||||||
| Receivables turnover1 | — | — | — | — | — | — | |
| Benchmarks | |||||||
| Receivables Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 19.32 | 23.26 | 26.09 | 22.26 | — | — | |
| Home Depot Inc. | 44.12 | 44.15 | 52.34 | 55.89 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | — | |
| TJX Cos. Inc. | 93.79 | 69.69 | 108.00 | 112.54 | — | — | |
| Receivables Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 26.52 | 30.59 | 35.28 | 33.53 | — | — | |
| Receivables Turnover, Industry | |||||||
| Consumer Discretionary | 18.02 | 21.14 | 21.80 | 21.73 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Receivables turnover = Net sales ÷ Accounts receivable
= 7,867,778 ÷ 0 = —
2 Click competitor name to see calculations.
Payables Turnover
Bed Bath & Beyond Inc., payables turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cost of sales | 5,384,287) | 6,114,947) | 7,616,920) | 7,924,817) | 7,906,286) | 7,639,407) | |
| Accounts payable | 872,445) | 986,045) | 944,194) | 1,094,078) | 1,197,504) | 1,179,088) | |
| Short-term Activity Ratio | |||||||
| Payables turnover1 | 6.17 | 6.20 | 8.07 | 7.24 | 6.60 | 6.48 | |
| Benchmarks | |||||||
| Payables Turnover, Competitors2 | |||||||
| Amazon.com Inc. | 3.63 | 3.46 | 3.22 | 3.51 | — | — | |
| Home Depot Inc. | 7.45 | 7.52 | 9.33 | 9.16 | — | — | |
| Lowe’s Cos. Inc. | 5.65 | 5.51 | 6.42 | 5.85 | — | — | |
| TJX Cos. Inc. | 7.77 | 5.09 | 11.17 | 10.53 | — | — | |
| Payables Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 4.48 | 4.19 | 4.25 | 4.75 | — | — | |
| Payables Turnover, Industry | |||||||
| Consumer Discretionary | 4.84 | 4.67 | 4.77 | 5.59 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Payables turnover = Cost of sales ÷ Accounts payable
= 5,384,287 ÷ 872,445 = 6.17
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Bed Bath & Beyond Inc. payables turnover ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Working Capital Turnover
Bed Bath & Beyond Inc., working capital turnover calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 2,363,154) | 3,620,045) | 3,826,285) | 3,909,972) | 3,971,078) | 3,810,744) | |
| Less: Current liabilities | 2,074,787) | 2,294,921) | 2,466,526) | 2,077,632) | 2,165,685) | 2,032,501) | |
| Working capital | 288,367) | 1,325,124) | 1,359,759) | 1,832,340) | 1,805,393) | 1,778,243) | |
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) | |
| Short-term Activity Ratio | |||||||
| Working capital turnover1 | 27.28 | 6.97 | 8.21 | 6.56 | 6.84 | 6.87 | |
| Benchmarks | |||||||
| Working Capital Turnover, Competitors2 | |||||||
| Amazon.com Inc. | — | 24.33 | 60.82 | 32.92 | — | — | |
| Home Depot Inc. | 417.56 | 24.87 | 76.81 | 59.68 | — | — | |
| Lowe’s Cos. Inc. | 245.54 | 24.92 | 530.50 | — | — | — | |
| TJX Cos. Inc. | 17.40 | 6.51 | 23.97 | 13.27 | — | — | |
| Working Capital Turnover, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 21.83 | 63.17 | 38.37 | — | — | |
| Working Capital Turnover, Industry | |||||||
| Consumer Discretionary | 19.61 | 11.06 | 13.40 | 33.38 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Working capital turnover = Net sales ÷ Working capital
= 7,867,778 ÷ 288,367 = 27.28
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Bed Bath & Beyond Inc. working capital turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Average Inventory Processing Period
Bed Bath & Beyond Inc., average inventory processing period calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Inventory turnover | 3.12 | 3.66 | 3.64 | 3.03 | 2.90 | 2.63 | |
| Short-term Activity Ratio (no. days) | |||||||
| Average inventory processing period1 | 117 | 100 | 100 | 121 | 126 | 139 | |
| Benchmarks (no. days) | |||||||
| Average Inventory Processing Period, Competitors2 | |||||||
| Amazon.com Inc. | 43 | 44 | 37 | 45 | — | — | |
| Home Depot Inc. | 80 | 70 | 73 | 72 | — | — | |
| Lowe’s Cos. Inc. | 100 | 98 | 98 | 95 | — | — | |
| TJX Cos. Inc. | 63 | 65 | 60 | 60 | — | — | |
| Average Inventory Processing Period, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 60 | 57 | 53 | 60 | — | — | |
| Average Inventory Processing Period, Industry | |||||||
| Consumer Discretionary | 54 | 52 | 48 | 47 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.12 = 117
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Bed Bath & Beyond Inc., average receivable collection period calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Receivables turnover | — | — | — | — | — | — | |
| Short-term Activity Ratio (no. days) | |||||||
| Average receivable collection period1 | — | — | — | — | — | — | |
| Benchmarks (no. days) | |||||||
| Average Receivable Collection Period, Competitors2 | |||||||
| Amazon.com Inc. | 19 | 16 | 14 | 16 | — | — | |
| Home Depot Inc. | 8 | 8 | 7 | 7 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | — | |
| TJX Cos. Inc. | 4 | 5 | 3 | 3 | — | — | |
| Average Receivable Collection Period, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 14 | 12 | 10 | 11 | — | — | |
| Average Receivable Collection Period, Industry | |||||||
| Consumer Discretionary | 20 | 17 | 17 | 17 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ — = —
2 Click competitor name to see calculations.
Operating Cycle
Bed Bath & Beyond Inc., operating cycle calculation, comparison to benchmarks
No. days
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Average inventory processing period | 117 | 100 | 100 | 121 | 126 | 139 | |
| Average receivable collection period | — | — | — | — | — | — | |
| Short-term Activity Ratio | |||||||
| Operating cycle1 | — | — | — | — | — | — | |
| Benchmarks | |||||||
| Operating Cycle, Competitors2 | |||||||
| Amazon.com Inc. | 62 | 60 | 51 | 61 | — | — | |
| Home Depot Inc. | 88 | 78 | 80 | 79 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | — | |
| TJX Cos. Inc. | 67 | 70 | 63 | 63 | — | — | |
| Operating Cycle, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 74 | 69 | 63 | 71 | — | — | |
| Operating Cycle, Industry | |||||||
| Consumer Discretionary | 74 | 69 | 65 | 64 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 117 + — = —
2 Click competitor name to see calculations.
Average Payables Payment Period
Bed Bath & Beyond Inc., average payables payment period calculation, comparison to benchmarks
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Payables turnover | 6.17 | 6.20 | 8.07 | 7.24 | 6.60 | 6.48 | |
| Short-term Activity Ratio (no. days) | |||||||
| Average payables payment period1 | 59 | 59 | 45 | 50 | 55 | 56 | |
| Benchmarks (no. days) | |||||||
| Average Payables Payment Period, Competitors2 | |||||||
| Amazon.com Inc. | 101 | 105 | 113 | 104 | — | — | |
| Home Depot Inc. | 49 | 49 | 39 | 40 | — | — | |
| Lowe’s Cos. Inc. | 65 | 66 | 57 | 62 | — | — | |
| TJX Cos. Inc. | 47 | 72 | 33 | 35 | — | — | |
| Average Payables Payment Period, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 81 | 87 | 86 | 77 | — | — | |
| Average Payables Payment Period, Industry | |||||||
| Consumer Discretionary | 75 | 78 | 76 | 65 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.17 = 59
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. |
Cash Conversion Cycle
Bed Bath & Beyond Inc., cash conversion cycle calculation, comparison to benchmarks
No. days
| Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Average inventory processing period | 117 | 100 | 100 | 121 | 126 | 139 | |
| Average receivable collection period | — | — | — | — | — | — | |
| Average payables payment period | 59 | 59 | 45 | 50 | 55 | 56 | |
| Short-term Activity Ratio | |||||||
| Cash conversion cycle1 | — | — | — | — | — | — | |
| Benchmarks | |||||||
| Cash Conversion Cycle, Competitors2 | |||||||
| Amazon.com Inc. | -39 | -45 | -62 | -43 | — | — | |
| Home Depot Inc. | 39 | 29 | 41 | 39 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | — | |
| TJX Cos. Inc. | 20 | -2 | 30 | 28 | — | — | |
| Cash Conversion Cycle, Sector | |||||||
| Consumer Discretionary Distribution & Retail | -7 | -18 | -23 | -6 | — | — | |
| Cash Conversion Cycle, Industry | |||||||
| Consumer Discretionary | -1 | -9 | -11 | -1 | — | — | |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).
1 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 117 + — – 59 = —
2 Click competitor name to see calculations.