Five Below Inc (FIVE)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,559,370 | 3,076,310 | 2,848,350 | 1,962,140 | 1,846,730 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,559,370K ÷ $—K
= —
The receivables turnover ratio for Five Below Inc could not be calculated based on the provided data as the receivables turnover values for the fiscal years ending on Feb 3, 2024, Jan 28, 2023, Jan 29, 2022, Jan 30, 2021, and Feb 1, 2020 were not available.
The receivables turnover ratio is a critical financial metric that measures how efficiently a company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly, which is generally a positive sign of effective credit and collection policies. Conversely, a lower turnover ratio may suggest issues with customer creditworthiness or the company's collection procedures.
Without the specific receivables turnover figures for Five Below Inc, it is challenging to assess the effectiveness of the company's accounts receivable management and collection processes over the past five fiscal years. In order to conduct a thorough analysis, it would be necessary to obtain the relevant financial data to calculate the receivables turnover ratio for each year.
Peer comparison
Feb 3, 2024