Chewy Inc (CHWY)
Receivables turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,144,400 | 10,096,500 | 8,890,770 | 7,146,260 | 4,846,740 |
| Receivables | US$ in thousands | 154,043 | 126,349 | 126,010 | 122,568 | 81,104 |
| Receivables turnover | 72.35 | 79.91 | 70.56 | 58.30 | 59.76 |
January 28, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,144,400K ÷ $154,043K
= 72.35
The receivables turnover for Chewy Inc has shown a general increasing trend over the five-year period from February 2, 2020, to January 28, 2024. This ratio measures how efficiently the company is collecting its receivables from customers.
In January 2021, Chewy Inc's receivables turnover was 58.30, indicating that it collected its receivables 58.30 times during the year. Over the following years, this metric improved significantly, reaching 79.91 in January 2023 and peaking at 72.35 in January 2024.
A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly, which is generally a positive sign of efficient operations. This improvement over the years indicates that Chewy Inc has been successful in managing its accounts receivable more effectively and converting sales into cash at a faster pace.
Overall, the increasing trend in receivables turnover for Chewy Inc reflects positively on its receivables management and cash flow generation capabilities.
Peer comparison
Jan 28, 2024