Stock Analysis on Net

GameStop Corp. (NYSE:GME)

This company has been moved to the archive! The financial data has not been updated since June 1, 2022.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

GameStop Corp., short-term (operating) activity ratios

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Turnover Ratios
Inventory turnover 5.10 6.36 5.30 4.78 4.53 4.99
Receivables turnover 42.60 48.34 45.57 61.74 50.49 38.97
Payables turnover 9.90 11.21 11.97 5.68 6.86 9.08
Working capital turnover 4.83 24.41 16.33 8.75 14.80 22.70
Average No. Days
Average inventory processing period 72 57 69 76 81 73
Add: Average receivable collection period 9 8 8 6 7 9
Operating cycle 81 65 77 82 88 82
Less: Average payables payment period 37 33 30 64 53 40
Cash conversion cycle 44 32 47 18 35 42

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. GameStop Corp. inventory turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Receivables turnover An activity ratio equal to revenue divided by receivables. GameStop Corp. receivables 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. GameStop Corp. 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. GameStop Corp. working capital turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

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. GameStop Corp. number of days of inventory outstanding improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. GameStop Corp. operating cycle improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
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. GameStop Corp. number of days of payables outstanding increased from 2020 to 2021 and from 2021 to 2022.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. GameStop Corp. cash conversion cycle improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Inventory Turnover

GameStop Corp., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Cost of sales 4,662,900 3,830,300 4,557,300 5,977,200 6,184,500 5,598,600
Merchandise inventories 915,000 602,500 859,700 1,250,500 1,366,700 1,121,500
Short-term Activity Ratio
Inventory turnover1 5.10 6.36 5.30 4.78 4.53 4.99
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 6.09
Inventory Turnover, Sector
Consumer Discretionary Distribution & Retail 6.10 6.36 6.83 6.07
Inventory Turnover, Industry
Consumer Discretionary 6.73 7.05 7.53 7.82

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Inventory turnover = Cost of sales ÷ Merchandise inventories
= 4,662,900 ÷ 915,000 = 5.10

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. GameStop Corp. inventory turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Receivables Turnover

GameStop Corp., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Net sales 6,010,700 5,089,800 6,466,000 8,285,300 9,224,600 8,607,900
Receivables, net of allowances 141,100 105,300 141,900 134,200 182,700 220,900
Short-term Activity Ratio
Receivables turnover1 42.60 48.34 45.57 61.74 50.49 38.97
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 69.69 108.00 112.54 109.62
Receivables Turnover, Sector
Consumer Discretionary Distribution & Retail 26.52 30.59 35.28 33.53
Receivables Turnover, Industry
Consumer Discretionary 17.99 21.11 21.76 21.69

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Receivables turnover = Net sales ÷ Receivables, net of allowances
= 6,010,700 ÷ 141,100 = 42.60

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. GameStop Corp. receivables turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Payables Turnover

GameStop Corp., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Cost of sales 4,662,900 3,830,300 4,557,300 5,977,200 6,184,500 5,598,600
Accounts payable 471,000 341,800 380,800 1,051,900 902,000 616,600
Short-term Activity Ratio
Payables turnover1 9.90 11.21 11.97 5.68 6.86 9.08
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 10.25
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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Payables turnover = Cost of sales ÷ Accounts payable
= 4,662,900 ÷ 471,000 = 9.90

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. GameStop Corp. payables turnover ratio decreased from 2020 to 2021 and from 2021 to 2022.

Working Capital Turnover

GameStop Corp., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Current assets 2,598,800 1,551,200 1,633,700 3,127,700 2,538,700 2,140,700
Less: Current liabilities 1,354,700 1,342,700 1,237,700 2,181,100 1,915,600 1,761,500
Working capital 1,244,100 208,500 396,000 946,600 623,100 379,200
 
Net sales 6,010,700 5,089,800 6,466,000 8,285,300 9,224,600 8,607,900
Short-term Activity Ratio
Working capital turnover1 4.83 24.41 16.33 8.75 14.80 22.70
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 10.67
Working Capital Turnover, Sector
Consumer Discretionary Distribution & Retail 21.83 63.17 38.37
Working Capital Turnover, Industry
Consumer Discretionary 19.31 10.96 13.27 32.45

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Working capital turnover = Net sales ÷ Working capital
= 6,010,700 ÷ 1,244,100 = 4.83

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. GameStop Corp. working capital turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Average Inventory Processing Period

GameStop Corp., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data
Inventory turnover 5.10 6.36 5.30 4.78 4.53 4.99
Short-term Activity Ratio (no. days)
Average inventory processing period1 72 57 69 76 81 73
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 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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.10 = 72

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. GameStop Corp. number of days of inventory outstanding improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Average Receivable Collection Period

GameStop Corp., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data
Receivables turnover 42.60 48.34 45.57 61.74 50.49 38.97
Short-term Activity Ratio (no. days)
Average receivable collection period1 9 8 8 6 7 9
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 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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 42.60 = 9

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

GameStop Corp., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data
Average inventory processing period 72 57 69 76 81 73
Average receivable collection period 9 8 8 6 7 9
Short-term Activity Ratio
Operating cycle1 81 65 77 82 88 82
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 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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 72 + 9 = 81

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. GameStop Corp. operating cycle improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Average Payables Payment Period

GameStop Corp., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data
Payables turnover 9.90 11.21 11.97 5.68 6.86 9.08
Short-term Activity Ratio (no. days)
Average payables payment period1 37 33 30 64 53 40
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 36
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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 9.90 = 37

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. GameStop Corp. number of days of payables outstanding increased from 2020 to 2021 and from 2021 to 2022.

Cash Conversion Cycle

GameStop Corp., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data
Average inventory processing period 72 57 69 76 81 73
Average receivable collection period 9 8 8 6 7 9
Average payables payment period 37 33 30 64 53 40
Short-term Activity Ratio
Cash conversion cycle1 44 32 47 18 35 42
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 27
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: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

1 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 72 + 937 = 44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. GameStop Corp. cash conversion cycle improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.