Boot Barn Holdings Inc (BOOT)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,911,100 | 1,667,010 | 1,657,620 | 1,488,260 | 893,491 |
| Receivables | US$ in thousands | 10,263 | 20,232 | 13,145 | 9,662 | 12,771 |
| Receivables turnover | 186.21 | 82.39 | 126.10 | 154.03 | 69.96 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,911,100K ÷ $10,263K
= 186.21
The receivables turnover ratio for Boot Barn Holdings Inc has shown fluctuations over the past five years. In March 2021, the receivables turnover ratio was 69.96, indicating that on average, the company collected its accounts receivable approximately 69.96 times during that year.
Over the following years, there was a significant increase in efficiency in collecting accounts receivable. By March 2025, the receivables turnover ratio had climbed to 186.21, reflecting a substantial improvement in the company's ability to collect outstanding receivables promptly.
However, it is important to note that there were fluctuations in the ratio during the intervening years, with March 2022, March 2023, and March 2024 showing values of 154.03, 126.10, and 82.39, respectively. These fluctuations may indicate changes in the company's credit policies, customer payment behavior, or overall economic conditions affecting receivables collections.
Overall, the trend towards higher receivables turnover ratios suggests that Boot Barn Holdings Inc has been more effective in managing its accounts receivable and converting them into cash in recent years. This improvement is a positive sign of the company's financial health and operational efficiency.
Peer comparison
Mar 31, 2025