GameStop Corp (GME)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,272,800 | 5,927,200 | 6,010,700 | 5,089,800 | 6,466,000 |
| Receivables | US$ in thousands | 91,000 | 153,900 | 141,100 | 105,300 | 141,900 |
| Receivables turnover | 57.94 | 38.51 | 42.60 | 48.34 | 45.57 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,272,800K ÷ $91,000K
= 57.94
The receivables turnover ratio for GameStop Corp has shown fluctuations over the past five years. The ratio determines how many times a company collects its average accounts receivable balance during a specific period.
GameStop's receivables turnover was 57.94 in 2024, indicating that the company collected its outstanding receivables nearly 58 times during the year. This represents an improvement from the previous year when the ratio was 38.51.
In comparison to two years ago, the receivables turnover ratio was slightly higher at 42.60, showcasing a positive trend in the company's efficiency in collecting receivables. However, in the fiscal year ending January 30, 2021, the ratio increased significantly to 48.34, indicating a more efficient collection process than in 2024.
Looking back to February 1, 2020, GameStop's receivables turnover ratio was 45.57, slightly below the 2024 level. Overall, the data suggests some variability in GameStop's ability to collect its accounts receivable efficiently, with an overall positive trend seen in recent years.