Home Depot Inc (HD)
Receivables turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 159,514,000 | 152,669,000 | 152,669,000 | 157,403,000 | 157,403,000 |
| Receivables | US$ in thousands | — | — | 3,328,000 | — | 3,317,000 |
| Receivables turnover | — | — | 45.87 | — | 47.45 |
January 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $159,514,000K ÷ $—K
= —
The Receivables Turnover ratio for Home Depot Inc has shown a consistent trend over the past few years. As of January 29, 2023, the ratio stood at 47.45, indicating that, on average, receivables were collected approximately 47.45 times during the year. The ratio decreased slightly to 45.87 as of January 28, 2024. However, for the most recent period ending January 31, 2025, the ratio is not available.
A high receivables turnover ratio generally suggests that the company efficiently collects outstanding receivables and converts them into cash quickly. This may be reflective of Home Depot's effective credit management and collection practices. However, the absence of data for January 31, 2025 poses a limitation in assessing the most recent performance.
It is important for Home Depot to monitor its receivables turnover ratio regularly to ensure that receivables are being managed effectively and that any changes in the ratio are investigated to maintain a healthy liquidity position.
Peer comparison
Jan 31, 2025