Home Depot Inc (HD)
Receivables turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 152,669,000 | 157,403,000 | 151,157,000 | 132,110,000 | 110,225,000 |
| Receivables | US$ in thousands | 3,328,000 | 3,317,000 | 3,426,000 | 2,992,000 | 2,106,000 |
| Receivables turnover | 45.87 | 47.45 | 44.12 | 44.15 | 52.34 |
January 28, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $152,669,000K ÷ $3,328,000K
= 45.87
The receivables turnover ratio for Home Depot Inc has fluctuated over the past five years. In the most recent fiscal year ending on January 28, 2024, the receivables turnover ratio was 45.87, slightly lower compared to the previous year's ratio of 47.45. This indicates that the company collected its accounts receivables approximately 45.87 times during the fiscal year.
The historical trend shows that the receivables turnover ratio has been relatively stable, ranging from 44.12 to 52.34 over the past five years. A higher receivables turnover ratio generally implies that the company is efficient in collecting payments from its customers. However, a declining trend in the ratio could suggest potential issues with credit policies, collection efforts, or the creditworthiness of customers.
Overall, the analysis of Home Depot Inc's receivables turnover indicates a consistent performance in managing its accounts receivables over the years, with room for further evaluation to determine the factors influencing the fluctuations in the ratio.
Peer comparison
Jan 28, 2024