Lululemon Athletica Inc. (LULU)
Receivables turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,586,750 | 8,149,170 | 6,241,430 | 4,397,390 | 3,981,220 |
| Receivables | US$ in thousands | 124,769 | 132,906 | 77,001 | 62,399 | 40,219 |
| Receivables turnover | 76.84 | 61.32 | 81.06 | 70.47 | 98.99 |
January 28, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,586,750K ÷ $124,769K
= 76.84
The receivables turnover ratio for Lululemon Athletica Inc. has been fluctuating over the past five years. The ratio indicates how efficiently the company is collecting payments from its customers.
In the most recent year, as of January 28, 2024, the receivables turnover was 76.84 times. This suggests that Lululemon is collecting payments from its customers approximately 76.84 times during the year.
Comparing this to the previous year, the turnover ratio was 61.32 times on January 29, 2023, which indicates an improvement in the collection efficiency for the most recent year.
Looking further back, on January 30, 2022, the turnover ratio was 81.06 times, showing a slightly higher efficiency in collecting receivables compared to the most recent year.
On January 31, 2021, the ratio was 70.47 times, indicating a lower efficiency in collecting payments compared to the most recent year.
Finally, on February 2, 2020, the receivables turnover ratio was 98.99 times, showing the highest collection efficiency over the past five years.
Overall, Lululemon Athletica Inc. has had varying levels of efficiency in collecting payments from customers over the past five years, with the most recent year showing a relatively strong performance in receivables turnover.
Peer comparison
Jan 28, 2024