Home Depot Inc (HD)

Receivables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Revenue (ttm)	US$ in thousands	159,514,000	154,596,000	149,165,000	143,700,000	144,992,000	153,122,000	161,252,000	160,799,000	158,920,000	151,835,000	147,791,000	149,406,000	157,367,000	160,444,000	160,480,000	157,327,000	149,254,000	147,166,000	149,376,000	154,775,000
Receivables	US$ in thousands	—	—	—	—	—	3,328,000	—	3,932,000	—	3,836,000	—	—	3,317,000	—	3,732,000	—	—	—	—	3,426,000
Receivables turnover		—	—	—	—	—	46.01	—	40.89	—	39.58	—	—	47.44	—	43.00	—	—	—	—	45.18

January 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $159,514,000K ÷ $—K
= —

The receivables turnover ratio is a measure of how efficiently a company is managing its accounts receivable. It indicates how many times during a period the company collects its average accounts receivable balance.

Based on the data provided for Home Depot Inc, the receivables turnover ratio fluctuates over the reported periods. For instance, the receivables turnover ratio was 45.18 in January 30, 2022, and increased to 47.44 in January 29, 2023. This suggests an improvement in the efficiency of collecting receivables during this period.

However, there are also periods where the receivables turnover ratio was not provided (denoted by "—"). This lack of data for certain periods may indicate limited visibility into the company's accounts receivable management during those times.

Overall, a higher receivables turnover ratio is generally better as it signifies that the company is collecting its outstanding receivables more quickly. It is important for Home Depot Inc to consistently monitor and improve its receivables turnover ratio to ensure effective management of its accounts receivable and maintain healthy cash flow.