PVH Corp (PVH)

Receivables turnover

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	9,217,700	9,216,500	9,134,400	9,059,400	9,024,200	8,965,200	9,016,900	9,198,100	9,154,700	8,814,800	8,600,400	7,867,900	7,132,600	7,643,600	8,113,200	8,896,700	9,909,000	9,792,200	9,729,000	9,698,500
Receivables	US$ in thousands	793,300	1,045,400	889,200	911,400	923,700	979,500	804,600	831,100	745,200	906,800	824,100	852,700	641,500	799,200	568,800	545,600	741,400	972,700	781,000	851,600
Receivables turnover		11.62	8.82	10.27	9.94	9.77	9.15	11.21	11.07	12.28	9.72	10.44	9.23	11.12	9.56	14.26	16.31	13.37	10.07	12.46	11.39

February 4, 2024 calculation

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

The receivables turnover ratio for PVH Corp has fluctuated over the investigated period. The ratio indicates the company's efficiency in collecting outstanding receivables from customers over a specific timeframe. PVH Corp's receivables turnover ranged from a low of 8.82 to a high of 16.31.

In general, a higher turnover ratio is considered favorable as it suggests that the company is collecting its accounts receivable more quickly, potentially improving cash flow and reducing the risk of bad debts. On the other hand, a lower turnover ratio may indicate inefficiencies in collections or potential issues with credit policies.

PVH Corp's receivables turnover has generally stayed within a moderate range, showing some variability. It is essential for the company to monitor this ratio consistently to ensure that collections are being managed effectively and that credit policies are appropriate for maintaining a healthy balance between sales and cash flow.