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.