BJs Wholesale Club Holdings Inc (BJ)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Revenue (ttm)	US$ in thousands	19,910,280	19,502,780	19,363,380	19,503,660	19,276,660	18,700,940	18,178,720	17,247,210	16,616,830	16,247,780	15,716,350	15,498,170	15,430,010	14,955,720	14,453,450	13,845,160	13,190,700	13,135,260	13,127,520	13,088,780
Receivables	US$ in thousands	234,769	224,505	200,279	217,866	239,746	251,978	204,495	210,405	173,951	200,315	169,135	197,991	172,719	188,413	170,595	193,884	206,353	185,983	162,278	180,379
Receivables turnover		84.81	86.87	96.68	89.52	80.40	74.22	88.90	81.97	95.53	81.11	92.92	78.28	89.34	79.38	84.72	71.41	63.92	70.63	80.90	72.56

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,910,280K ÷ $234,769K
= 84.81

The receivables turnover ratio of BJs Wholesale Club Holdings Inc has shown fluctuating trends over the past 20 reporting periods. The ratio reflects the company's efficiency in collecting outstanding credit sales during a specific period.

From November 2019 to February 2024, the receivables turnover ranged from a low of 63.92 to a high of 96.68. Notably, the ratio peaked in July 2023 at 96.68, indicating that the company collected outstanding credit sales nearly 97 times during that period. Similarly, the ratio hit its lowest point in November 2019 at 63.92.

Overall, the trend in receivables turnover suggests that BJs Wholesale Club Holdings Inc has been effective in managing its accounts receivable, although there have been fluctuations in the efficiency of its credit collection process over the analyzed periods. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's credit management and working capital efficiency.