Cracker Barrel Old Country Store (CBRL)
Receivables turnover
| Aug 2, 2024 | Jul 28, 2023 | Jul 29, 2022 | Jul 30, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,459,870 | 3,436,210 | 3,262,150 | 2,817,380 | 2,516,320 |
| Receivables | US$ in thousands | 49,086 | 32,508 | 34,697 | 48,495 | 49,009 |
| Receivables turnover | 70.49 | 105.70 | 94.02 | 58.10 | 51.34 |
August 2, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,459,870K ÷ $49,086K
= 70.49
The analysis of Cracker Barrel Old Country Store's receivables turnover over the past five years reveals a fluctuating trend.
In August 2024, the receivables turnover ratio stood at 70.49, a decrease from the previous year's 105.70. This indicates that Cracker Barrel is collecting its accounts receivable more slowly compared to the previous year, implying a potential deterioration in its accounts receivable management efficiency.
The receivables turnover ratio peaked in July 2023 at 105.70, showcasing the company's ability to efficiently collect outstanding receivables during that period. However, this ratio declined to 94.02 in July 2022, suggesting a slight decrease in the efficiency of receivables collections compared to the previous year.
Furthermore, the receivables turnover ratio was 58.10 in July 2021 and 51.34 in July 2020, indicating a fluctuating pattern in the efficiency of Cracker Barrel's receivables management over these years.
Overall, the decreasing trend in the receivables turnover ratio from 2023 to 2024 raises concerns about the company's ability to collect its outstanding receivables efficiently. This trend warrants further analysis to determine the underlying reasons for the decrease and assess the effectiveness of Cracker Barrel's credit and collection policies.
Peer comparison
Aug 2, 2024