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)
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
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
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
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
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
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
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
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
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
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 + 9 – 37 = 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. |