Dollar General Corporation (DG)
Receivables turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,364,800 | 37,633,600 | 34,062,900 | 33,596,500 | 27,653,400 |
| Receivables | US$ in thousands | 112,262 | 135,775 | 97,394 | 90,760 | 76,537 |
| Receivables turnover | 341.74 | 277.18 | 349.74 | 370.17 | 361.31 |
February 2, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $38,364,800K ÷ $112,262K
= 341.74
The receivables turnover ratio of Dollar General Corporation has shown fluctuations over the past five years. In the most recent fiscal year ending on February 2, 2024, the company achieved a receivables turnover of 341.74, representing an increase from the previous year's 277.18. This improvement suggests that Dollar General was able to collect its accounts receivable more efficiently in the latest year.
Comparing the receivables turnover ratios over the five-year period, the company experienced its highest turnover in the fiscal year ending on January 29, 2021, with a ratio of 370.17. This peak indicates strong efficiency in collecting receivables during that period.
Overall, the receivables turnover trend for Dollar General Corporation has been relatively stable, with some fluctuations from year to year. The recent increase in the turnover ratio is a positive sign of the company's ability to manage its accounts receivable effectively.
Peer comparison
Feb 2, 2024