Ollie's Bargain Outlet Hldg (OLLI)

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 2,102,528 2,003,409 1,941,431 1,879,404 1,826,956 1,778,321 1,743,736 1,707,135 1,752,995 1,767,623 1,798,518 1,911,950 1,808,821 1,715,489 1,628,156 1,432,708 1,408,199 1,379,702 1,336,259 1,290,492
Receivables US$ in thousands 2,223 1,973 2,935 985 2,374 1,363 3,086 1,054 1,372 603 824 363 621 203 2,447 4,146 2,840 977 1,191 961
Receivables turnover 945.81 1,015.41 661.48 1,908.02 769.57 1,304.71 565.05 1,619.67 1,277.69 2,931.38 2,182.67 5,267.08 2,912.76 8,450.68 665.37 345.56 495.84 1,412.18 1,121.96 1,342.86

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,102,528K ÷ $2,223K
= 945.81

The receivables turnover of Ollie's Bargain Outlet Hldg shows significant fluctuation over the past few quarters. The ratio indicates how efficiently the company is collecting payments from its customers. A higher receivables turnover reflects that the company is collecting its accounts receivable more frequently during a given period.

Looking at the data, we see that there are substantial variations in the receivables turnover ratio. There are periods where the ratio is extremely high, indicating that Ollie's Bargain Outlet Hldg has been very efficient in collecting payments from customers during those times. Conversely, there are also periods where the ratio is relatively lower, showing a decrease in the efficiency of collecting outstanding receivables.

It is essential to analyze the reasons behind such fluctuations in the receivables turnover ratio. Factors such as changes in credit policies, economic conditions, customer payment behaviors, or the company's collection efforts can all influence this ratio. Further investigation and comparison with industry standards would provide better insights into Ollie's Bargain Outlet Hldg's receivables management performance and overall financial health.