GameStop Corp (GME)
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 | 5,272,800 | 5,705,600 | 5,813,700 | 5,785,900 | 5,927,200 | 5,954,700 | 6,064,900 | 6,112,300 | 6,010,700 | 5,878,900 | 5,587,000 | 5,345,600 | 5,089,800 | 5,161,800 | 5,595,600 | 5,939,300 | 6,466,000 | 7,334,900 | 7,831,800 | 8,047,200 |
| Receivables | US$ in thousands | 91,000 | 88,300 | 75,600 | 119,200 | 153,900 | 125,300 | 99,600 | 103,400 | 141,100 | 83,400 | 68,500 | 102,100 | 105,300 | 77,600 | 83,100 | 86,700 | 141,900 | 145,700 | 122,400 | 126,000 |
| Receivables turnover | 57.94 | 64.62 | 76.90 | 48.54 | 38.51 | 47.52 | 60.89 | 59.11 | 42.60 | 70.49 | 81.56 | 52.36 | 48.34 | 66.52 | 67.34 | 68.50 | 45.57 | 50.34 | 63.99 | 63.87 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,272,800K ÷ $91,000K
= 57.94
The receivables turnover ratio for GameStop Corp has shown fluctuations over the past 20 reporting periods. The ratio indicates the efficiency with which the company is able to collect on its credit sales within a given period.
In the most recent period, ending on February 3, 2024, the receivables turnover ratio was 57.94, suggesting that GameStop Corp collected its receivables approximately 57.94 times during that period. This compares to a peak of 81.56 in the third quarter of 2021 (July 31, 2021) and a low of 38.51 in the first quarter of 2023 (April 29, 2023).
The overall trend in the receivables turnover ratio appears to fluctuate, with some periods showing higher turnover rates and others showing lower turnover rates. It is important to note that a higher turnover ratio is generally considered favorable as it indicates a shorter time span for collecting outstanding receivables.
Analyzing the receivables turnover ratio over time can provide insights into the effectiveness of GameStop's credit policies, as well as the company's ability to manage its accounts receivable efficiently. Further investigation into the reasons behind the fluctuations in the ratio may be necessary to evaluate the company's credit management practices and overall financial health.