Best Buy Co. Inc (BBY)
Receivables turnover
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | Aug 1, 2020 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 41,528,000 | 42,226,000 | 42,537,000 | 42,832,000 | 43,452,000 | 43,541,000 | 44,372,000 | 45,118,000 | 46,298,000 | 47,928,000 | 49,251,000 | 50,771,000 | 51,761,000 | 52,333,000 | 52,276,000 | 50,337,000 | 47,262,000 | 45,521,000 | 43,432,000 | 43,058,000 |
| Receivables | US$ in thousands | 1,044,000 | 932,000 | 871,000 | 770,000 | 939,000 | 901,000 | 856,000 | 860,000 | 1,141,000 | 1,050,000 | 840,000 | 804,000 | 1,042,000 | 1,016,000 | 883,000 | 850,000 | 1,061,000 | 1,028,000 | 906,000 | 749,000 |
| Receivables turnover | 39.78 | 45.31 | 48.84 | 55.63 | 46.27 | 48.33 | 51.84 | 52.46 | 40.58 | 45.65 | 58.63 | 63.15 | 49.67 | 51.51 | 59.20 | 59.22 | 44.54 | 44.28 | 47.94 | 57.49 |
February 1, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $41,528,000K ÷ $1,044,000K
= 39.78
The receivables turnover ratio for Best Buy Co. Inc has fluctuated over the past few years. It indicates how efficiently the company is able to collect outstanding receivables from its customers.
From May 2, 2020, to February 1, 2025, the receivables turnover ratio ranged from a high of 63.15 to a low of 39.78. A higher turnover ratio suggests that Best Buy is collecting its receivables more frequently, indicating effective management of its accounts receivable. Conversely, a lower ratio could signify potential issues with collecting payments from customers.
Overall, the trend in the receivables turnover ratio for Best Buy Co. Inc shows some variability, but it's important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and efficiency in managing its receivables.