BJs Wholesale Club Holdings Inc (BJ)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,908,500 | 19,276,000 | 16,612,200 | 15,430,000 | 13,190,700 |
| Receivables | US$ in thousands | 234,769 | 239,746 | 173,951 | 172,719 | 206,353 |
| Receivables turnover | 84.80 | 80.40 | 95.50 | 89.34 | 63.92 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $19,908,500K ÷ $234,769K
= 84.80
The receivables turnover ratio of BJs Wholesale Club Holdings Inc has been relatively stable over the past five years, ranging from 63.92 to 95.50. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally viewed favorably as it indicates effective credit management and liquidity. On the other hand, a lower ratio may indicate potential issues with collections, credit policies, or customer payment behavior.
BJs Wholesale Club Holdings Inc's receivables turnover ratio has generally been above 80 in recent years, which implies that the company is efficiently converting its credit sales into cash. This trend suggests that the company has been successful in managing its receivables and ensuring timely collection, which is a positive signal for its financial health.
Peer comparison
Feb 3, 2024