Ralph Lauren Corp Class A (RL)

Receivables turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	6,631,400	6,443,600	6,218,500	4,400,800	6,159,800
Receivables	US$ in thousands	473,700	478,400	446,800	480,400	304,100
Receivables turnover		14.00	13.47	13.92	9.16	20.26

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $6,631,400K ÷ $473,700K
= 14.00

The receivables turnover ratio for Ralph Lauren Corp Class A has shown fluctuations over the past five years. In FY2024, the company achieved a receivables turnover of 14.00, which indicates that on average, the company collected its accounts receivables 14 times during the year. This represents an improvement compared to FY2023 and FY2022, where the ratios were 13.47 and 13.92 respectively.

However, in FY2021, the receivables turnover ratio was notably lower at 9.16, showing that the company took longer to collect its receivables during that period. The ratio then significantly improved in FY2020, reaching a high of 20.26, which suggests that the company was more efficient in collecting its outstanding receivables that year.

Overall, the trend in receivables turnover indicates that Ralph Lauren Corp Class A has been effective in managing its accounts receivables in recent years, with fluctuations possibly influenced by factors such as sales volumes, credit policies, and economic conditions. Further analysis and comparison with industry benchmarks would provide additional insights into the company's receivables management efficiency.