Ollie's Bargain Outlet Hldg (OLLI)

The receivables turnover ratio for Ollie's Bargain Outlet Hldg has fluctuated significantly over the past five years. In particular:

1. Feb 3, 2024: The receivables turnover ratio reached 945.88, indicating that the company collected its accounts receivable nearly 946 times during the fiscal year. This represents a substantial increase compared to the previous year.

2. Jan 28, 2023: The ratio was 769.62, showing a slight decrease from the previous year. While still relatively high, it suggests a slightly slower collection of receivables compared to the fiscal year ending in 2022.

3. Jan 29, 2022: The ratio spiked to 1,277.66, reflecting a significant improvement in the collection of accounts receivable compared to the prior year. This indicates that the company was more efficient in collecting outstanding payments.

4. Jan 30, 2021: The ratio was 2,912.35, which is notably higher compared to the previous years. This suggests a very rapid turnover of accounts receivable, indicating that the company collected outstanding payments multiple times throughout the year.

5. Feb 1, 2020: The ratio stood at 495.77, a considerable decrease from the preceding year. This indicates that the company took longer to collect its accounts receivable in 2020 compared to 2019.

Overall, the trend in Ollie's Bargain Outlet Hldg receivables turnover ratio shows fluctuations over the past five years, with significant variations in the speed of collecting accounts receivable. It is essential for the company to analyze the reasons behind these fluctuations and potentially implement strategies to maintain a consistent and efficient receivables turnover ratio.

Peer comparison

Feb 3, 2024