Capri Holdings Ltd (CPRI)
Receivables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,134,000 | 5,231,000 | 5,306,000 | 5,434,000 | 5,594,000 | 5,774,000 | 5,891,000 | 5,773,000 | 5,664,000 | 5,377,000 | 5,061,000 | 4,857,000 | 4,043,000 | 4,036,000 | 4,302,000 | 4,640,000 | 5,533,000 | 5,685,000 | 5,500,700 | 5,278,600 |
| Receivables | US$ in thousands | 332,000 | 339,000 | 383,000 | 300,000 | 369,000 | 372,000 | 441,000 | 394,000 | 434,000 | 449,000 | 358,000 | 382,000 | 373,000 | 369,000 | 344,000 | 183,000 | 308,000 | 321,000 | 368,000 | 310,000 |
| Receivables turnover | 15.46 | 15.43 | 13.85 | 18.11 | 15.16 | 15.52 | 13.36 | 14.65 | 13.05 | 11.98 | 14.14 | 12.71 | 10.84 | 10.94 | 12.51 | 25.36 | 17.96 | 17.71 | 14.95 | 17.03 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,134,000K ÷ $332,000K
= 15.46
The receivables turnover ratio for Capri Holdings Ltd has been fluctuating over the past few quarters, indicating variations in the efficiency of the company in collecting its accounts receivables. The ratio has ranged from a low of 10.84 times to a high of 25.36 times over the period analyzed.
A higher receivables turnover ratio suggests that the company is able to collect its outstanding receivables more quickly, which could be seen as a positive sign of efficient credit management. On the other hand, a lower ratio may indicate slower collections or potential issues with credit policies or customer payments.
Overall, it is important to monitor the receivables turnover ratio over time to assess trends in the efficiency of the company's accounts receivable management and to identify any areas that may require attention or improvement.
Peer comparison
Mar 31, 2024