Academy Sports Outdoors Inc (ASO)
Receivables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,125,820 | 6,077,490 | 6,172,400 | 6,276,400 | 6,360,830 | 6,422,800 | 6,522,410 | 6,623,780 | 6,747,300 | 6,532,020 | 6,277,440 | |||
| Receivables | US$ in thousands | 19,371 | 17,706 | 14,625 | 10,412 | 16,503 | 15,998 | 14,521 | 12,666 | 19,718 | 12,368 | 10,791 | 10,831 | 17,306 | 11,908 |
| Receivables turnover | 316.24 | 343.24 | 422.04 | 602.80 | 385.43 | 401.48 | 449.17 | 522.96 | 342.19 | 528.14 | 581.73 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,125,820K ÷ $19,371K
= 316.24
The receivables turnover ratio of Academy Sports Outdoors Inc has shown variability over the past several periods, ranging from a low of 316.24 to a high of 602.80. This ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly, which is generally considered favorable.
Analyzing the trend over time, we can see that the receivables turnover has fluctuated, with some periods showing higher turnover than others. For example, in April 2023, the ratio spiked to 602.80, indicating a particularly efficient collection of receivables during that period. However, in some other periods, such as January 2022 and October 2021, the turnover ratio was relatively lower compared to the other periods.
Overall, the trend in the receivables turnover ratio suggests that Academy Sports Outdoors Inc has been effectively managing its accounts receivable in certain periods, but there might be room for improvement in other periods to ensure consistent and efficient collections. It would be beneficial for the company to investigate the factors contributing to the fluctuations in the ratio to identify areas for potential optimization in their receivables management processes.
Peer comparison
Feb 3, 2024