PriceSmart Inc (PSMT)
Receivables turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 | 3,223,920 |
| Receivables | US$ in thousands | 17,904 | 13,391 | 12,359 | 13,153 | 9,872 |
| Receivables turnover | 244.90 | 303.64 | 292.89 | 253.11 | 326.57 |
August 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,384,770K ÷ $17,904K
= 244.90
The receivables turnover for Pricesmart Inc. has shown fluctuations over the past five years. The ratio decreased from 326.57 in 2019 to 253.11 in 2020, indicating a decrease in the efficiency of collecting receivables. However, there was an improvement in 2021, with the ratio increasing to 292.89, before further increasing to 303.64 in 2022. Notably, in 2023, the receivables turnover reached 246.42, signaling a decrease in the speed of collecting receivables compared to the previous year. Overall, the company's ability to collect on credit sales has varied, which may warrant further investigation into the underlying factors driving these changes in efficiency.
Peer comparison
Aug 31, 2023