Buckle Inc (BKE)

Receivables turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Receivables	US$ in thousands	8,697	12,648	12,087	2,823	3,136
Receivables turnover		145.00	106.36	107.11	319.26	287.07

February 3, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,261,100K ÷ $8,697K
= 145.00

The receivables turnover ratio for Buckle Inc has fluctuated over the past five years. In the most recent period ending February 3, 2024, the company achieved a receivables turnover ratio of 145.00, which indicates a significant increase from the previous year. This implies that Buckle Inc converted its accounts receivable into cash 145 times during the fiscal year, showing efficient management of credit sales and collection processes.

Comparing this to the prior years, there was a notable decrease in receivables turnover in the fiscal year ending January 30, 2021, where the ratio dropped to 319.26. This may suggest a slower collection of receivables compared to the more recent years. However, it is important to note that the receivables turnover ratio improved in the following year, indicating enhanced efficiency in collecting outstanding payments.

Overall, the fluctuation in the receivables turnover ratio for Buckle Inc suggests varying levels of effectiveness in managing credit sales and collections over the past five years. High turnover ratios typically indicate good liquidity and effective credit policies, while low turnover ratios may point to potential issues with collections or credit quality.