Bath & Body Works Inc. (BBWI)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,118,000 | 7,212,000 | 7,299,000 | 11,356,000 | 12,496,000 |
| Receivables | US$ in thousands | 224,000 | 226,000 | 240,000 | 269,000 | 306,000 |
| Receivables turnover | 31.78 | 31.91 | 30.41 | 42.22 | 40.84 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,118,000K ÷ $224,000K
= 31.78
Bath & Body Works Inc.'s receivables turnover ratio has been relatively stable over the past five years, ranging from 30.41 to 42.22. A high receivables turnover ratio indicates that the company efficiently collects payments from customers and converts credit sales into cash quickly.
The company's receivables turnover ratio for the most recent fiscal year ending Feb 3, 2024, stood at 31.78, indicating that Bath & Body Works Inc. collected its accounts receivable approximately 31.78 times during the year. This suggests that the company has been effective in managing its credit policies and collection efforts.
Overall, Bath & Body Works Inc.'s consistent and relatively high receivables turnover over the years reflects a strong ability to efficiently manage and collect outstanding customer payments, which is a positive indicator of the company's financial health and operational efficiency.
Peer comparison
Feb 3, 2024