Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel

Short-term Activity Ratios (Summary)

Bed Bath & Beyond Inc., short-term (operating) activity ratios

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Turnover Ratios
Inventory turnover 3.12 3.66 3.64 3.03 2.90 2.63
Receivables turnover
Payables turnover 6.17 6.20 8.07 7.24 6.60 6.48
Working capital turnover 27.28 6.97 8.21 6.56 6.84 6.87
Average No. Days
Average inventory processing period 117 100 100 121 126 139
Add: Average receivable collection period
Operating cycle
Less: Average payables payment period 59 59 45 50 55 56
Cash conversion cycle

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

Microsoft Excel
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 6.67 7.04 7.48 7.72

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

Microsoft Excel
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 17.95 21.21 21.81 21.46

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

Microsoft Excel
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 4.80 4.66 4.74 5.51

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

Microsoft Excel
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 18.57 11.02 13.68 25.90

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

Microsoft Excel
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 55 52 49 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

Microsoft Excel
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

Microsoft Excel
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 75 69 66 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

Microsoft Excel
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 76 78 77 66

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

Microsoft Excel
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 -2

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.