Albertsons Companies (ACI)
Receivables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 80,390,900 | 79,930,900 | 79,713,700 | 79,452,900 | 79,237,700 | 79,163,300 | 78,760,900 | 78,389,600 | 77,649,700 | 76,768,100 | 75,341,600 | 73,927,900 | 71,887,000 | 70,275,800 | 68,956,300 | 68,208,200 | 69,690,400 | 69,354,900 | 68,049,200 | 66,468,300 |
| Receivables | US$ in thousands | 834,800 | 929,000 | 897,600 | 809,400 | 724,400 | 828,400 | 710,100 | 684,300 | 687,600 | 704,800 | 651,700 | 565,300 | 560,600 | 607,400 | 544,700 | 618,700 | 550,900 | 549,500 | 547,100 | 530,000 |
| Receivables turnover | 96.30 | 86.04 | 88.81 | 98.16 | 109.38 | 95.56 | 110.92 | 114.55 | 112.93 | 108.92 | 115.61 | 130.78 | 128.23 | 115.70 | 126.60 | 110.24 | 126.50 | 126.21 | 124.38 | 125.41 |
February 28, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $80,390,900K ÷ $834,800K
= 96.30
The receivables turnover ratio for Albertsons Companies reflects the company's efficiency in collecting accounts receivable over the analyzed period. Initially, the ratio remained relatively high, fluctuating slightly around the 125–126 range from May 2020 through February 2021, indicating a robust receivables collection process and a short average collection period. During this period, the firm maintained a consistent ability to convert receivables into cash swiftly.
From May 2021 onward, the ratio exhibited a declining trend, decreasing to a low of approximately 86.04 in November 2024. This decline suggests a gradual slowdown in receivables collection efficiency, possibly indicating longer average collection periods, increased credit sales, or changes in credit policies. Notably, there were some modest recoveries and fluctuations; for instance, the ratio experienced minor upticks in certain quarters, such as February 2022 and mid-2023, but the overall downward trend persisted.
This decreasing trend signifies that Albertsons Companies has increasingly taken longer to collect its receivables over recent periods. Such a trend may imply potential challenges in receivables management, changing credit terms, or shifts in customer payment behaviors. Continuous monitoring is recommended to assess whether this trend reflects a systemic issue affecting cash flow or a strategic adjustment in credit policies.
Overall, from 2020 to early 2025, the receivables turnover ratio has decreased significantly from high levels around 125–126 to below 100, highlighting a notable shift toward longer collection cycles over the analyzed period.
Peer comparison
Feb 28, 2025