Oxford Industries Inc (OXM)

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	1,573,231	1,553,886	1,540,289	1,483,400	1,414,128	1,332,629	1,267,325	1,232,567	1,145,748	1,063,530	990,936	854,252	748,833	826,062	892,148	1,002,160	1,123,790	1,123,729	1,116,170	1,116,811
Receivables	US$ in thousands	82,911	79,555	74,984	100,925	63,426	84,237	70,500	94,115	54,278	64,351	66,607	85,488	48,393	39,513	28,920	51,055	58,724	64,593	59,176	85,857
Receivables turnover		18.97	19.53	20.54	14.70	22.30	15.82	17.98	13.10	21.11	16.53	14.88	9.99	15.47	20.91	30.85	19.63	19.14	17.40	18.86	13.01

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,573,231K ÷ $82,911K
= 18.97

The receivables turnover ratio of Oxford Industries Inc has shown variability over the historical period analyzed. The ratio indicates the number of times, on average, the company collects its accounts receivable during a specific period. A higher receivables turnover ratio suggests that the company is efficient in collecting outstanding receivables.

The trend analysis reveals fluctuations in the receivables turnover ratio. For instance, in some periods such as Jul 30, 2022, and May 2, 2020, the company exhibited lower turnover rates, indicating a longer collection period for accounts receivable. Conversely, in other periods like May 4, 2019, and May 2, 2020, the turnover ratio was relatively higher, reflecting more efficient collection practices during those periods.

Overall, it is essential to further investigate the reasons behind the fluctuations in the receivables turnover ratio to understand the company's effectiveness in managing its accounts receivable and its overall liquidity position.