Helen of Troy Ltd (HELE)
Receivables turnover
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,951,730 | 2,033,190 | 2,213,270 | 2,085,990 | 1,694,540 |
| Receivables | US$ in thousands | 394,536 | 377,604 | 457,623 | 382,449 | 348,023 |
| Receivables turnover | 4.95 | 5.38 | 4.84 | 5.45 | 4.87 |
February 29, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,951,730K ÷ $394,536K
= 4.95
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. Helen of Troy Ltd's receivables turnover has fluctuated over the past five years:
- In Feb 29, 2024, the receivables turnover was 4.95, indicating that the company collected its accounts receivable approximately 4.95 times during the year.
- In Feb 28, 2023, the ratio was 5.38, suggesting a slight improvement in efficiency compared to the previous year.
- In Feb 28, 2022, the ratio decreased to 4.84, indicating a temporary decrease in the collection efficiency.
- In Feb 28, 2021, the ratio increased to 5.45, showing improved efficiency in collecting accounts receivable.
- In Feb 29, 2020, the receivables turnover was 4.87, which was slightly lower than the previous year.
Overall, Helen of Troy Ltd's receivables turnover ratio has shown some variability, but it has generally remained within a relatively stable range over the past five years. The company should continue to monitor and manage its accounts receivable collection process to ensure optimal efficiency in managing its credit sales.