Boot Barn Holdings Inc (BOOT)
Receivables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,161 | 1,703,269 | 1,697,413 | 1,674,491 | 1,656,641 | 1,613,747 | 1,585,275 | 1,546,627 | 1,487,461 | 1,363,824 | 1,180,258 | 1,052,056 | 893,495 | 823,251 | 804,910 | 807,578 | 845,563 | 849,690 | 819,699 | 800,625 |
| Receivables | US$ in thousands | 20,232 | 10,380 | 9,321 | 11,803 | 13,145 | 14,811 | 11,059 | 9,240 | 11,867 | 7,891 | 13,202 | 10,000 | 12,771 | 13,876 | 13,281 | 10,703 | 17,259 | 11,239 | 7,388 | 6,552 |
| Receivables turnover | 82.35 | 164.09 | 182.11 | 141.87 | 126.03 | 108.96 | 143.35 | 167.38 | 125.34 | 172.83 | 89.40 | 105.21 | 69.96 | 59.33 | 60.61 | 75.45 | 48.99 | 75.60 | 110.95 | 122.20 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,666,161K ÷ $20,232K
= 82.35
The receivables turnover ratio for Boot Barn Holdings Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.
Analyzing the trend, we can see that the ratio has been generally high, indicating that Boot Barn Holdings Inc has been more effective in collecting outstanding payments from customers. However, there are some variations in the ratio over the different quarters, suggesting some changes in the company's receivables management.
For example, in the most recent quarter ending March 31, 2024, the receivables turnover ratio was 82.35, showing a decrease compared to the previous quarter. This could imply that the company took longer to collect its accounts receivable in the most recent period.
It is essential for the company to monitor this ratio consistently to ensure that it is maintaining an appropriate level of efficiency in their receivables management. Further investigation into the reasons behind the fluctuations in the ratio might be necessary to address any potential issues and optimize the collection process.
Peer comparison
Mar 31, 2024