Buckle Inc (BKE)

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	1,261,102	1,280,525	1,309,409	1,318,957	1,345,187	1,324,311	1,311,402	1,304,546	1,294,607	1,232,512	1,164,085	1,084,990	901,278	853,446	826,562	814,354	900,254	893,663	884,649	881,912
Receivables	US$ in thousands	8,697	10,341	9,675	6,356	12,648	16,074	13,015	4,414	12,087	5,629	6,667	1,670	2,823	1,763	2,394	1,774	3,136	9,432	11,206	5,780
Receivables turnover		145.00	123.83	135.34	207.51	106.36	82.39	100.76	295.55	107.11	218.96	174.60	649.69	319.26	484.09	345.26	459.05	287.07	94.75	78.94	152.58

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,261,102K ÷ $8,697K
= 145.00

The receivables turnover for Buckle Inc has shown significant variability over the past few periods. It ranged from a low of 78.94 to a high of 649.69, indicating fluctuations in the efficiency of collecting outstanding receivables.

A high receivables turnover ratio, such as the one observed in January 2023, signifies that the company is collecting outstanding accounts receivable more frequently during the period, which could be a positive sign of effective credit management.

Conversely, a low turnover ratio, like the one recorded in August 2019, suggests a longer collection period for accounts receivable, which may indicate potential issues with credit policies or difficulties in collecting payments from customers.

Overall, Buckle Inc's receivables turnover ratio has not shown a consistent trend, highlighting the need for further analysis to understand the underlying reasons for the fluctuations and to determine if there are opportunities for improvement in the company's receivables management practices.