Macy’s Inc (M)
Receivables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,866,000 | 24,074,000 | 24,503,000 | 25,057,000 | 25,449,000 | 25,519,000 | 25,304,000 | 25,040,000 | 24,097,000 | 22,264,000 | 20,925,000 | 18,914,000 | 17,325,000 | 18,967,000 | 20,244,000 | 22,238,000 | 24,752,000 | 24,995,000 | 25,251,000 | 25,316,000 |
| Receivables | US$ in thousands | 293,000 | 291,000 | 293,000 | 255,000 | 300,000 | 204,000 | 219,000 | 233,000 | 297,000 | 212,000 | 221,000 | 205,000 | 276,000 | 185,000 | 184,000 | 170,000 | 409,000 | 175,000 | 240,000 | 237,000 |
| Receivables turnover | 81.45 | 82.73 | 83.63 | 98.26 | 84.83 | 125.09 | 115.54 | 107.47 | 81.13 | 105.02 | 94.68 | 92.26 | 62.77 | 102.52 | 110.02 | 130.81 | 60.52 | 142.83 | 105.21 | 106.82 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,866,000K ÷ $293,000K
= 81.45
The receivables turnover ratio of Macy’s Inc has fluctuated over the period analyzed. The ratio indicates how efficiently the company is collecting outstanding receivables from customers. A higher receivables turnover ratio suggests that Macy’s is collecting its accounts receivable more frequently, which is generally considered a positive sign as it indicates efficient management of credit sales.
Looking at the trend, we observe that the receivables turnover ratio has generally been within a range of around 60 to 140 over the past few quarters. There are some quarters where the ratio dips below 100, indicating a longer collection period, but these instances are generally balanced out by quarters with higher ratios.
Overall, despite some fluctuations, Macy’s Inc has maintained a relatively healthy level of receivables turnover, with some quarters showing particularly strong performance. It is essential for the company to continue monitoring and managing its accounts receivable effectively to ensure efficient cash flow and liquidity.
Peer comparison
Feb 3, 2024