RH (RH)
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 | 2,836,374 | 3,120,032 | 3,261,556 | 3,447,058 | 3,540,792 | 3,448,343 | 3,584,715 | 3,614,984 | 3,668,919 | 3,610,126 | 3,464,121 | 3,200,155 | 2,834,489 | 2,687,029 | 2,534,679 | 2,531,911 | 2,755,530 | 2,761,445 | 2,720,477 | 2,654,761 |
| Receivables | US$ in thousands | 78,845 | 88,450 | 74,833 | 80,706 | 79,954 | 176,336 | 209,763 | 214,283 | 66,315 | 76,740 | 89,744 | — | 73,043 | 81,564 | — | — | 48,979 | — | — | — |
| Receivables turnover | 35.97 | 35.27 | 43.58 | 42.71 | 44.29 | 19.56 | 17.09 | 16.87 | 55.33 | 47.04 | 38.60 | — | 38.81 | 32.94 | — | — | 56.26 | — | — | — |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,836,374K ÷ $78,845K
= 35.97
The analysis of RH's receivables turnover reveals fluctuations over time. The receivables turnover ratio indicates how efficiently a company collects its outstanding receivables within a given period. A higher turnover ratio generally implies a more efficient collection process.
From the data provided, we can observe that there is variability in RH's receivables turnover ratio. The company achieved its highest turnover of 55.33 in Jan 2022, indicating efficient collection of receivables during that period. Conversely, the lowest turnover of 16.87 was recorded in Apr 2022, suggesting a longer period to collect outstanding receivables.
The significant fluctuations in the receivables turnover ratio may be indicative of changes in RH's credit policies, customer payment behavior, or the nature of its business transactions. It is important for RH to closely monitor and manage its receivables turnover to ensure effective cash flow management and overall financial health.
Peer comparison
Feb 3, 2024