Abercrombie & Fitch Company (ANF)

Receivables turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Revenue	US$ in thousands	4,280,680	3,697,750	3,712,770	3,125,380	3,623,070
Receivables	US$ in thousands	78,346	104,506	69,102	83,857	80,251
Receivables turnover		54.64	35.38	53.73	37.27	45.15

February 3, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,280,680K ÷ $78,346K
= 54.64

The receivables turnover ratio for Abercrombie & Fitch Company has shown fluctuations over the past five years. The ratio increased to 54.64 in February 2024 from 35.38 in January 2023, indicating that the company collected its accounts receivable more frequently in the most recent period. This could be a positive sign of efficiency in collecting sales revenues from customers.

Comparing the current ratio to the previous years, it is significantly higher than the ratio of 53.73 in January 2022 and 45.15 in February 2020, suggesting an improvement in the company's accounts receivable management.

However, the receivables turnover ratio of 54.64 in February 2024 is lower than the ratio of 37.27 in January 2021. This may raise concerns about the company's ability to efficiently collect outstanding receivables compared to the previous year.

Overall, the trend in the receivables turnover ratio for Abercrombie & Fitch Company indicates some variability in the efficiency of collecting accounts receivable over the past five years, with the most recent year showing a notable improvement. It would be important for the company to continue monitoring and managing its receivables effectively to ensure timely collection of sales proceeds.