Dick’s Sporting Goods Inc (DKS)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,017,800 | 12,284,800 | 12,247,100 | 9,545,990 | 8,772,600 |
| Receivables | US$ in thousands | 118,985 | 79,473 | 70,241 | 59,545 | 53,173 |
| Receivables turnover | 109.41 | 154.58 | 174.36 | 160.32 | 164.98 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,017,800K ÷ $118,985K
= 109.41
The receivables turnover ratio for Dick's Sporting Goods Inc has shown a declining trend over the past five years. At the end of the fiscal year on February 3, 2024, the company reported a receivables turnover of 109.41 times, which indicates that on average, the company collected its accounts receivable approximately 109 times during the year. This represents a decrease compared to the previous year, where the receivables turnover ratio was 154.58 times.
Despite the decrease in the receivables turnover ratio, the company's collection efficiency remains relatively high. However, it is essential for the company to monitor and manage its accounts receivable effectively to ensure timely collection and maintain a healthy cash flow position. Further analysis and comparison with industry benchmarks may provide insights into the company's credit policies and customer payment behavior.
Peer comparison
Feb 3, 2024