Dick’s Sporting Goods Inc (DKS)
Receivables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,017,810 | 12,654,970 | 12,559,680 | 12,437,340 | 12,284,760 | 12,041,110 | 11,842,240 | 12,016,360 | 12,247,140 | 12,023,010 | 11,688,490 | 11,126,140 | 9,545,980 | 9,032,850 | 8,595,710 | 8,156,230 | 8,751,730 | 8,634,180 | 8,529,250 | 8,447,530 |
| Receivables | US$ in thousands | 118,985 | 149,909 | 153,637 | 149,037 | 79,473 | 91,273 | 84,428 | 77,892 | 70,241 | 90,162 | 89,425 | 69,948 | 59,545 | 77,212 | 74,790 | 100,895 | 53,173 | 70,463 | 64,096 | 52,382 |
| Receivables turnover | 109.41 | 84.42 | 81.75 | 83.45 | 154.58 | 131.92 | 140.26 | 154.27 | 174.36 | 133.35 | 130.71 | 159.06 | 160.32 | 116.99 | 114.93 | 80.84 | 164.59 | 122.53 | 133.07 | 161.27 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,017,810K ÷ $118,985K
= 109.41
The receivables turnover ratio for Dick’s Sporting Goods Inc has shown fluctuations over the past few quarters, ranging from a low of 80.84 to a high of 174.36. This ratio measures how efficiently the company is collecting its accounts receivable during a certain period.
The high values recorded in some quarters, such as 174.36 and 160.32, indicate that Dick’s Sporting Goods Inc is effectively collecting payments from its customers, on average, more times compared to the lower values of 80.84 and 84.42 in other periods. A higher receivables turnover ratio generally suggests that the company has strong credit policies, efficient collections processes, or a customer base that pays quickly.
The overall trend of the receivables turnover ratio for Dick’s Sporting Goods Inc appears to vary, displaying some inconsistencies in collection efficiency. This may warrant further investigation into the company's accounts receivable management practices to identify areas of improvement or potential risks.
Peer comparison
Feb 3, 2024