Costco Wholesale Corp (COST)
Receivables turnover
| Sep 1, 2024 | May 12, 2024 | Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 254,453,000 | 253,695,000 | 248,828,000 | 245,652,000 | 242,290,000 | 235,442,000 | 234,390,000 | 231,028,000 | 226,954,000 | 217,538,000 | 210,219,000 | 203,084,000 | 195,929,000 | 186,637,000 | 178,626,000 | 172,929,000 | 166,761,000 | 160,876,000 | 158,350,000 | 154,674,000 |
| Receivables | US$ in thousands | 2,721,000 | 2,583,000 | 2,779,000 | 2,542,000 | 2,285,000 | 2,502,000 | 2,714,000 | 2,312,000 | 2,241,000 | 1,991,000 | 2,232,000 | 1,932,000 | 1,803,000 | 1,595,000 | 1,934,000 | 1,646,000 | 1,550,000 | 1,507,000 | 1,988,000 | 1,711,000 |
| Receivables turnover | 93.51 | 98.22 | 89.54 | 96.64 | 106.04 | 94.10 | 86.36 | 99.93 | 101.27 | 109.26 | 94.18 | 105.12 | 108.67 | 117.01 | 92.36 | 105.06 | 107.59 | 106.75 | 79.65 | 90.40 |
September 1, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $254,453,000K ÷ $2,721,000K
= 93.51
The receivables turnover ratio for Costco Wholesale Corp over the past 20 periods has shown variations, ranging from 79.65 to 117.01. The average receivables turnover ratio over this period stands at approximately 99.65, indicating that, on average, the company collects its accounts receivable nearly 100 times per year.
The company's receivables turnover ratio provides insights into how efficiently Costco is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting payments more frequently, which is a positive sign of efficient management of accounts receivable.
Analyzing the trend of the ratio over time can help evaluate changes in the company's credit policies, collection methods, and overall effectiveness in credit control. It is noteworthy that the ratio has shown some fluctuations, reflecting potential changes in customer payment behavior or internal processes related to accounts receivable management.
Overall, the receivables turnover ratio for Costco Wholesale Corp demonstrates a relatively efficient collection process, but monitoring the trend and comparing it to industry benchmarks can provide further insights into the company's financial health and performance.
Peer comparison
Sep 1, 2024