Guess? Inc. (GES)
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 | 2,740,394 | 2,650,836 | 2,635,539 | 2,616,264 | 2,644,409 | 2,661,222 | 2,674,342 | 2,663,471 | 2,591,631 | 2,440,151 | 2,366,365 | 2,136,280 | 1,876,529 | 2,070,328 | 2,116,988 | 2,401,669 | 2,678,109 | 2,672,982 | 2,662,445 | 2,625,096 |
| Receivables | US$ in thousands | 314,769 | 340,784 | 318,364 | 286,314 | 341,939 | 319,342 | 301,659 | 295,430 | 328,856 | 321,296 | 299,915 | 306,297 | 314,147 | 300,432 | 246,471 | 239,532 | 327,281 | 300,197 | 292,985 | 250,521 |
| Receivables turnover | 8.71 | 7.78 | 8.28 | 9.14 | 7.73 | 8.33 | 8.87 | 9.02 | 7.88 | 7.59 | 7.89 | 6.97 | 5.97 | 6.89 | 8.59 | 10.03 | 8.18 | 8.90 | 9.09 | 10.48 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,740,394K ÷ $314,769K
= 8.71
The receivables turnover ratio for Guess? Inc. has shown some fluctuations over the given periods. The ratio represents how many times a company collects its average accounts receivable balance during a specific time frame.
The trend of the receivables turnover ratio for Guess? Inc. has been relatively stable, ranging from a low of 5.97 to a high of 10.48. Generally, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.
The highest receivables turnover ratio of 10.48 was observed in May 2019, indicating that Guess? Inc. was collecting its accounts receivable more frequently at that time. On the other hand, the lowest ratio of 5.97 was reported in January 2021, suggesting a slower pace of collection during that period.
Overall, the receivables turnover ratio for Guess? Inc. has shown variability but has generally remained within a reasonable range, reflecting the company's ability to efficiently collect its accounts receivable over the analyzed periods. It would be beneficial to further investigate the reasons behind the fluctuations in the ratio to assess the effectiveness of the company's credit and collection policies.