PVH Corp (PVH)

Receivables turnover

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Revenue	US$ in thousands	9,217,700	9,024,200	9,154,700	7,132,600	9,909,000
Receivables	US$ in thousands	793,300	923,700	745,200	641,500	741,400
Receivables turnover		11.62	9.77	12.28	11.12	13.37

February 4, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $9,217,700K ÷ $793,300K
= 11.62

The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. A higher receivables turnover indicates that the company is collecting outstanding receivables more frequently within the year.

Based on the data provided, PVH Corp's receivables turnover has fluctuated over the past five years. In FY2024, the receivables turnover was 11.62, indicating that the company collected its outstanding receivables approximately 11.62 times during the year. This was higher compared to the previous fiscal year's turnover of 9.77, suggesting an improvement in the efficiency of collecting receivables.

Looking further back, the receivables turnover was 12.28 in FY2022 and 11.12 in FY2021. FY2020 saw the highest turnover at 13.37, indicating a peak in efficiency in collecting receivables in that fiscal year.

Overall, PVH Corp's receivables turnover has shown variability over the years, with some fluctuations in efficiency in collecting accounts receivable. It would be beneficial for stakeholders to monitor this ratio closely to assess the company's effectiveness in managing its receivables and cash flow.