Academy Sports Outdoors Inc (ASO)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,112,570 | 6,347,110 | 6,722,420 | 5,607,060 |
| Receivables | US$ in thousands | 19,371 | 16,503 | 19,718 | 17,306 |
| Receivables turnover | 315.55 | 384.60 | 340.93 | 324.00 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,112,570K ÷ $19,371K
= 315.55
Academy Sports Outdoors Inc's receivables turnover has exhibited fluctuations over the past four fiscal years. The receivables turnover ratio indicates how efficiently the company is collecting its accounts receivable. A higher turnover ratio implies a faster collection of receivables.
In fiscal years 2021, 2022, and 2024, Academy Sports Outdoors Inc had relatively high receivables turnover ratios of 324.00, 340.93, and 315.55, respectively. These figures suggest that the company was effectively managing its accounts receivable and collecting payments from customers promptly.
However, in fiscal year 2023, the receivables turnover ratio decreased to 384.60, indicating a slower collection of accounts receivable compared to the other years. This decrease could be due to various reasons, such as changes in the company's credit policies or delays in customer payments.
Overall, while the fluctuations in the receivables turnover ratios of Academy Sports Outdoors Inc indicate variations in the efficiency of its accounts receivable management, the company generally demonstrates a strong ability to collect receivables promptly.
Peer comparison
Feb 3, 2024