Macy’s Inc (M)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,866,000 | 25,449,000 | 24,097,000 | 17,123,000 | 24,489,000 |
| Receivables | US$ in thousands | 293,000 | 300,000 | 297,000 | 276,000 | 409,000 |
| Receivables turnover | 81.45 | 84.83 | 81.13 | 62.04 | 59.88 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,866,000K ÷ $293,000K
= 81.45
The receivables turnover ratio for Macy’s Inc has been relatively stable over the past five years, ranging from 59.88 to 84.83. This indicates that the company is efficient in collecting payments from its customers. Higher turnover ratios suggest that Macy's is collecting its outstanding receivables more frequently within a year. However, a slight decrease in 2024 compared to the previous year may indicate a lengthening in the average collection period, which could potentially lead to cash flow challenges. Overall, Macy's ability to efficiently manage its accounts receivable is a positive sign for its financial health.
Peer comparison
Feb 3, 2024