Kroger Company (KR)
Receivables turnover
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 149,599,000 | 147,344,000 | 147,560,000 | 148,311,000 | 147,722,000 | 145,928,000 | 143,574,000 | 140,608,000 | 137,318,000 | 135,034,000 | 132,903,000 | 142,733,000 | 130,353,000 | 127,559,000 | 126,003,000 | 121,682,000 | 121,073,000 | 120,766,000 | 120,453,000 | 120,737,000 |
| Receivables | US$ in thousands | 2,136,000 | 1,938,000 | 1,820,000 | 1,766,000 | 2,234,000 | 2,019,000 | 1,869,000 | 1,887,000 | 1,828,000 | 1,914,000 | 1,961,000 | 1,936,000 | 1,781,000 | 1,610,000 | 1,552,000 | 1,706,000 | 1,600,000 | 1,567,000 | 1,560,000 | 1,589,000 |
| Receivables turnover | 70.04 | 76.03 | 81.08 | 83.98 | 66.12 | 72.28 | 76.82 | 74.51 | 75.12 | 70.55 | 67.77 | 73.73 | 73.19 | 79.23 | 81.19 | 71.33 | 75.67 | 77.07 | 77.21 | 75.98 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $149,599,000K ÷ $2,136,000K
= 70.04
The receivables turnover ratio for Kroger Company has shown fluctuation over the past few quarters. The ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover indicates that Kroger is collecting its accounts receivable more quickly.
The trend in Kroger's receivables turnover over the most recent quarters shows that the company's efficiency in collecting payments has improved. From Nov 7, 2020, to Feb 3, 2024, the receivables turnover ratio increased from 75.98 to 70.04. This indicates that Kroger has been able to collect payments more quickly from customers during this period.
It is important to note that while a high receivables turnover ratio is generally favorable, an excessively high ratio may indicate that the company is very aggressive in its credit policies or that it has difficulty attracting customers due to stringent payment terms.
Overall, the trend in Kroger's receivables turnover ratio suggests that the company has been effectively managing its accounts receivable and improving its collection processes over the past few quarters.
Peer comparison
Feb 3, 2024