Cracker Barrel Old Country Store (CBRL)
Receivables turnover
| Aug 2, 2024 | Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,467,971 | 3,410,528 | 3,426,082 | 3,424,549 | 3,441,183 | 3,435,191 | 3,392,698 | 3,321,090 | 3,265,266 | 3,219,442 | 3,142,662 | 2,957,571 | 2,820,643 | 2,531,303 | 2,250,431 | 2,419,405 | 2,522,792 | 2,814,825 | 3,121,884 | 3,087,448 |
| Receivables | US$ in thousands | 49,086 | 56,508 | 41,524 | 32,218 | 32,508 | 32,086 | 36,513 | 32,943 | 34,697 | 52,025 | 44,637 | 44,936 | 48,495 | 54,568 | 70,525 | 48,871 | 49,009 | — | 26,685 | — |
| Receivables turnover | 70.65 | 60.35 | 82.51 | 106.29 | 105.86 | 107.06 | 92.92 | 100.81 | 94.11 | 61.88 | 70.40 | 65.82 | 58.16 | 46.39 | 31.91 | 49.51 | 51.48 | — | 116.99 | — |
August 2, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,467,971K ÷ $49,086K
= 70.65
The receivables turnover ratio for Cracker Barrel Old Country Store has varied over the period based on the data provided. The ratio reflects how efficiently the company is able to collect outstanding receivables from its customers.
From the data, we can see that the receivables turnover ratio has ranged from a low of 31.91 to a high of 116.99, with fluctuations in between. A higher turnover ratio indicates that the company is collecting its receivables more quickly, which is generally a positive sign of efficient management of accounts receivable.
It is important to note that a consistently high or improving turnover ratio can be a positive indication of the company's strong credit policies, effective collection efforts, and timely invoicing practices. Conversely, a declining turnover ratio may signal issues with collecting receivables on time or potential credit risks with customers.
Overall, it is advisable for stakeholders to closely monitor the trend in the receivables turnover ratio over time to assess the effectiveness of Cracker Barrel Old Country Store's accounts receivable management.
Peer comparison
Aug 2, 2024