Burlington Stores Inc (BURL)

The receivables turnover ratio for Burlington Stores Inc has exhibited a fluctuating trend over the past five years. In the most recent fiscal year, ending February 3, 2024, the company achieved a receivables turnover ratio of 130.81, indicating that on average, the company collected its accounts receivables approximately 130 times during the year. This represents an increase from the previous year's ratio of 122.41, suggesting an improvement in the efficiency of the company's accounts receivables management.

Comparing the current ratio to that of two years ago, the receivables turnover ratio of 130.81 is significantly higher than the ratio of 92.73 recorded on January 30, 2021. This indicates a substantial improvement in the company's ability to collect outstanding receivables promptly over the past two years.

Furthermore, when observing the longer-term trend, the receivables turnover ratio has generally been on an upward trajectory since January 29, 2022, where it stood at 172.35. Although there was a slight decrease in the most recent year compared to the peak turnover ratio in 2022, the current ratio remains at a relatively high level, indicating efficient management of accounts receivables.

Overall, the receivables turnover ratio for Burlington Stores Inc has shown variability but has generally been trending positively, indicating effective collection of receivables and potentially reflecting favorable credit policies, efficient billing practices, and strong customer payment terms management.

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Feb 3, 2024