Home Depot Inc (HD)
Receivables turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 152,669,000 | 153,714,000 | 154,876,000 | 155,752,000 | 157,403,000 | 157,291,000 | 155,239,000 | 152,565,000 | 151,157,000 | 147,699,000 | 144,415,000 | 141,350,000 | 132,110,000 | 125,631,000 | 119,318,000 | 112,104,000 | 110,225,000 | 110,934,000 | 110,013,000 | 109,637,000 |
| Receivables | US$ in thousands | 3,328,000 | 3,932,000 | 3,836,000 | 4,213,000 | 3,317,000 | 3,732,000 | 3,725,000 | — | 3,426,000 | 3,533,000 | — | — | 2,992,000 | — | — | — | — | — | — | — |
| Receivables turnover | 45.87 | 39.09 | 40.37 | 36.97 | 47.45 | 42.15 | 41.67 | — | 44.12 | 41.81 | — | — | 44.15 | — | — | — | — | — | — | — |
January 28, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $152,669,000K ÷ $3,328,000K
= 45.87
The analysis of Home Depot Inc's receivables turnover ratio shows a consistent pattern of strong performance over the most recent periods. The ratio indicates how efficiently the company is collecting on its credit sales, with higher turnovers suggesting a more effective collection process.
Specifically, we observe a generally high receivables turnover ratio ranging from 36.97 to 47.45 over the past two years, indicating that Home Depot Inc is efficient in converting its accounts receivable into cash. This consistency in high turnover ratios suggests that the company effectively manages its credit sales and collects outstanding payments promptly.
Overall, the trend in Home Depot Inc's receivables turnover ratio reflects a healthy financial position and effective credit management practices, which is a positive indicator for the company's liquidity and operational efficiency.
Peer comparison
Jan 28, 2024