PVH Corp (PVH)

Short-term

Turnover ratios

The inventory turnover ratio for PVH Corp has shown consistency, staying around 2.16 to 2.72 times over the years. This indicates that the company is effectively managing its inventory by selling and replenishing it at a moderate pace.

In terms of receivables turnover, PVH Corp has not provided data for some periods, but the available data shows an improvement from 9.77 to 11.62, suggesting the company is collecting its receivables more efficiently.

For payables turnover, data is only available for a single period, with a ratio of 3.59. This indicates that the company is able to pay its suppliers roughly every 3.59 times a year, showing a reasonable turnover of payables.

The working capital turnover ratio has fluctuated, showing a significant increase from 11.10 to 18.88 before dropping back to 11.60. This could signal changes in the efficiency of managing working capital to generate sales, although further analysis would be needed to understand the reasons behind these fluctuations.

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Average number of days

Based on the provided data for PVH Corp, let's analyze its activity ratios:

1. Days of Inventory on Hand (DOH):
- In January 29, 2023, and February 28, 2023, the company had 168.65 days of inventory on hand, indicating a high level of inventory relative to sales.
- By February 4, 2024, and February 29, 2024, the days of inventory decreased to 134.44 days, showing a more efficient management of inventory.
- However, by February 28, 2025, the days of inventory on hand increased to 156.87 days, implying a potential build-up of inventory levels.

2. Days of Sales Outstanding (DSO):
- In January 29, 2023, the company's days of sales outstanding were 37.36 days, suggesting a relatively quick collection of accounts receivable.
- For the subsequent periods, the data shows no information, indicating that the days of sales outstanding were not available.

3. Number of Days of Payables:
- As of January 29, 2023, the company took approximately 124.19 days to pay its payables, suggesting a longer payment cycle.
- There is no data available for the other periods, so it is difficult to assess any changes in the payment cycle over time.

Overall, the analysis of PVH Corp's activity ratios highlights fluctuations in inventory management efficiency and payment cycles, with varying trends over the different periods provided.

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Long-term

The fixed asset turnover ratio for PVH Corp has exhibited fluctuations over the years. In January 2023, the ratio stood at 9.98, indicating that the company generated almost 10 times in sales relative to its fixed assets. This ratio decreased significantly to 4.10 in February 2023, suggesting a lower level of efficiency in utilizing fixed assets to generate revenue. However, the ratio improved notably to 10.69 in February 2024, showcasing a considerable increase in productivity in generating sales from fixed assets. It is noteworthy that the data for February 29, 2024, and February 28, 2025, were not available.

When analyzing the total asset turnover ratio, it remained relatively stable over the years. Both in January 2023 and February 28, 2023, the ratio was at 0.77, indicating that PVH Corp generated sales equivalent to 77% of its total assets. There was a slight improvement in the ratio to 0.83 in February 4, 2024, and February 29, 2024, suggesting that the company was able to generate more revenue compared to its total asset base. In February 28, 2025, the total asset turnover ratio decreased slightly to 0.78, indicating a slight decline in efficiency in utilizing total assets to generate sales.

Overall, the fixed asset turnover ratio reflects the efficiency of PVH Corp in utilizing its fixed assets to generate sales, while the total asset turnover ratio provides insights into the overall efficiency of the company in generating revenue relative to its total asset base.