Vail Resorts Inc (MTN)
Receivables turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,885,190 | 2,889,360 | 2,525,910 | 1,909,710 | 1,963,700 |
| Receivables | US$ in thousands | 375,752 | 381,067 | 383,425 | 345,408 | 106,664 |
| Receivables turnover | 7.68 | 7.58 | 6.59 | 5.53 | 18.41 |
July 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,885,190K ÷ $375,752K
= 7.68
The receivables turnover for Vail Resorts Inc has been fluctuating over the past five years. In 2020, the receivables turnover was exceptionally high at 18.41, indicating that the company was able to collect its accounts receivable multiple times throughout the year. However, there was a significant drop in 2021 to 5.53, which may suggest challenges in collecting receivables efficiently.
Subsequently, there was an improvement in 2022 with a receivables turnover of 6.59, followed by a further increase to 7.58 in 2023. In the most recent year, 2024, the company achieved a receivables turnover of 7.68, which indicates a relatively stable performance in collecting receivables compared to the previous years.
Overall, the trend in receivables turnover for Vail Resorts Inc shows some variability but has generally improved since 2021. A higher receivables turnover ratio signifies that the company is more effective in collecting outstanding accounts receivable, which can be a positive indicator of financial health and operational efficiency.
Peer comparison
Jul 31, 2024