Dollar General Corporation (DG)

Receivables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	May 5, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022
Revenue (ttm)	US$ in thousands	40,612,320	40,089,220	39,764,330	39,165,720	38,945,780	38,876,220	38,813,890	38,544,930	38,193,680	38,609,940	39,016,660	39,138,720	39,207,100	38,504,710	37,684,430	36,970,890	36,271,360	35,497,100	34,727,420	34,493,910
Receivables	US$ in thousands	—	—	—	—	112,262	—	197,555	—	151,730	—	—	—	135,775	—	—	188,082	—	93,283	—	33,576
Receivables turnover		—	—	—	—	346.92	—	196.47	—	251.72	—	—	—	288.77	—	—	196.57	—	380.53	—	1,027.34

January 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $40,612,320K ÷ $—K
= —

The receivables turnover ratio for Dollar General Corporation fluctuated significantly over the periods provided in the data.

In April 2022, the receivables turnover ratio was exceptionally high at 1,027.34, indicating that the company collected its accounts receivable over a thousand times during that period. However, this extreme value may be due to specific circumstances such as a large one-time collection.

Subsequently, in July 2022, the ratio dropped to 380.53, implying that the company took longer to collect its receivables compared to the prior period. The following data points show further decline in the turnover ratio, reaching 196.57 in October 2022, and then remaining undisclosed for some periods.

In February 2023, the receivables turnover ratio rose to 288.77, signifying an improvement in the speed of collections. However, the pattern of fluctuations continued, with the ratio dropping to 251.72 in August 2023, and then declining further to 196.47 in November 2023.

After some undisclosed periods, the ratio surged to 346.92 in February 2024, and then remained undisclosed for subsequent periods up to January 2025.

The erratic nature of the receivables turnover ratio suggests possible changes in the company's credit policies, customer payment behaviors, or other operational factors impacting the efficiency of receivables collection. It is crucial for investors and stakeholders to monitor this ratio over time to assess Dollar General Corporation's effectiveness in managing its accounts receivable balance.