Lowe's Companies Inc (LOW)
Receivables turnover
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 83,674,000 | 84,974,000 | 86,377,000 | 95,481,000 | 97,059,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
January 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $83,674,000K ÷ $—K
= —
The receivables turnover ratio for Lowe's Companies Inc is not provided in the financial data for the periods specified. This ratio is a key metric used to assess the efficiency of a company in collecting its accounts receivable within a given period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Without the actual figures for receivables turnover, it is challenging to evaluate Lowe's performance in managing its accounts receivable effectively. A consistent or improving trend in the receivables turnover ratio over time would generally be viewed positively, signaling that the company is efficiently managing its credit sales and collecting payments from its customers in a timely manner.
It is essential for a company like Lowe's to monitor its receivables turnover ratio regularly as it provides valuable insights into the effectiveness of its credit policies, collection efforts, and overall liquidity management. By analyzing this ratio, Lowe's can identify areas for improvement in managing its accounts receivable efficiently to maintain a healthy cash flow and financial stability.
Peer comparison
Jan 31, 2025