Lowe's Companies Inc (LOW)
Receivables turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 84,974,000 | 95,481,000 | 95,365,000 | 87,665,000 | 71,430,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
February 2, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $84,974,000K ÷ $—K
= —
To calculate the receivables turnover for Lowe's Companies Inc, we need to determine the ratio of net credit sales to the average accounts receivable balance for each year. The formula for receivables turnover is:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Without the specific data for net credit sales or accounts receivable for the years provided (Feb 2, 2024 to Jan 31, 2020), we are unable to calculate the receivables turnover ratio for Lowe's Companies Inc. An increase or decrease in the receivables turnover over the years would provide insight into the efficiency of the company in collecting on its credit sales and managing its accounts receivable balance. Additional financial information is required to perform a more in-depth analysis of Lowe's receivables turnover trend.
Peer comparison
Feb 2, 2024