Lululemon Athletica Inc. (LULU)

Receivables turnover

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	9,616,970	9,206,170	8,858,840	8,518,010	8,140,340	7,493,410	7,086,940	6,669,230	6,250,340	5,821,210	5,488,220	4,940,542	4,393,223	4,074,043	3,872,751	3,853,161	3,977,845	3,749,265	3,580,782	3,420,930
Receivables	US$ in thousands	124,769	107,004	106,221	107,468	132,906	96,179	81,784	78,391	77,001	75,343	56,150	56,956	62,399	59,772	48,922	48,684	40,219	35,744	27,659	20,105
Receivables turnover		77.08	86.04	83.40	79.26	61.25	77.91	86.65	85.08	81.17	77.26	97.74	86.74	70.41	68.16	79.16	79.15	98.90	104.89	129.46	170.15

January 28, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,616,970K ÷ $124,769K
= 77.08

The receivables turnover ratio for Lululemon Athletica Inc. has been generally fluctuating over the periods indicated. The receivables turnover ratio measures how efficiently a company is managing its receivables, indicating how many times during a period the company collects its average accounts receivable balance.

Looking at the data, we can observe that the company's receivables turnover ratio ranged from a low of 61.25 to a high of 170.15 over the periods provided. A higher receivables turnover ratio signifies that the company is collecting its accounts receivable more quickly, indicating efficient management of credit sales and collection.

Although there are fluctuations in the ratio, it is important to see the trend over a longer period to understand the overall effectiveness of the company in managing its accounts receivable. It's advised to compare the receivables turnover ratio with industry benchmarks to gain further insights into the company's performance in this aspect.