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.