Guess? Inc. (GES)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,749,310 | 2,640,650 | 2,591,630 | 1,876,530 | 2,678,110 |
| Receivables | US$ in thousands | 314,769 | 341,939 | 328,856 | 314,147 | 327,281 |
| Receivables turnover | 8.73 | 7.72 | 7.88 | 5.97 | 8.18 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,749,310K ÷ $314,769K
= 8.73
Guess? Inc.'s receivables turnover has shown fluctuations over the past five years. The receivables turnover for the most recent fiscal year ending on Feb 3, 2024, was 8.73, indicating that the company collected its accounts receivable approximately 8.73 times during the year on average. This represents an improvement from the previous year, where the turnover was 7.72.
Overall, the trend in receivables turnover has been reasonably stable, with some variability from year to year. A higher receivables turnover ratio is generally favorable as it suggests that the company is efficient in collecting payments from its customers. Guess? Inc. appears to be managing its accounts receivable effectively, with the ratio consistently above 7, although there was a dip in fiscal 2021 to 5.97.
Further analysis of the underlying reasons for these fluctuations in receivables turnover could provide valuable insights into Guess? Inc.'s customer credit policies, collection procedures, and overall performance in managing its accounts receivable.