Kohls Corp (KSS)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,132,000 | 17,794,000 | 18,972,000 | 15,798,000 | 19,776,000 |
| Receivables | US$ in thousands | 167,000 | 210,000 | 190,000 | 789,000 | 15,000 |
| Receivables turnover | 102.59 | 84.73 | 99.85 | 20.02 | 1,318.40 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $17,132,000K ÷ $167,000K
= 102.59
The receivables turnover ratio for Kohls Corp has shown varying trends over the past five years. In February 2024, the company's receivables turnover ratio stood at 102.59, reflecting an improvement from the previous year's ratio of 84.73 in January 2023. This indicates that Kohls Corp collected its accounts receivable approximately 102.59 times during the fiscal year.
Comparing the most recent ratios to those in the prior years, we see a significant increase in efficiency in managing receivables. In January 2022 and January 2021, the receivables turnover ratios were 99.85 and 20.02, respectively. This indicates that the company improved its collection process significantly during these periods.
However, it is worth noting that in February 2020, Kohls Corp had an unusually high receivables turnover ratio of 1,318.40, which may have been influenced by specific events or anomalies in the accounting data for that period.
Overall, the upward trend in the receivables turnover ratio for Kohls Corp indicates that the company has been more effective in collecting payments from its customers over the years, which is a positive sign of efficient accounts receivable management.
Peer comparison
Feb 3, 2024