Boot Barn Holdings Inc (BOOT)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,665,680 | 1,656,570 | 1,487,310 | 893,404 | 845,158 |
| Receivables | US$ in thousands | 20,232 | 13,145 | 11,867 | 12,771 | 17,259 |
| Receivables turnover | 82.33 | 126.02 | 125.33 | 69.96 | 48.97 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,665,680K ÷ $20,232K
= 82.33
The receivables turnover ratio of Boot Barn Holdings Inc has exhibited a fluctuating trend over the past five years. The ratio stood at 82.33 in 2024, indicating that the company collected its accounts receivable approximately 82 times during the year. This represents a decrease from the previous year when the ratio was significantly higher at 126.02. The drop in the receivables turnover may suggest that the company took longer to collect its receivables in 2024 compared to 2023.
Furthermore, the 2024 receivables turnover of Boot Barn Holdings Inc is still higher than it was in 2022 and 2021, where the ratios were 125.33 and 69.96, respectively. This may indicate that the efficiency of the company in collecting its accounts receivable improved in 2024 compared to 2021 and 2022. The substantial increase from 48.97 in 2020 to the current level further reflects a positive trend in the company's ability to convert its receivables into cash.
Overall, while there has been some variability in the receivables turnover ratio of Boot Barn Holdings Inc in recent years, the current level suggests a solid performance in managing and collecting its accounts receivable.
Peer comparison
Mar 31, 2024