Ralph Lauren Corp Class A (RL)

Receivables turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	6,631,400	6,604,300	6,502,600	6,449,500	6,443,600	6,425,500	6,408,600	6,332,800	6,218,500	5,982,800	5,600,200	5,289,600	4,400,800	4,387,900	4,705,800	5,218,500	6,159,800	6,391,400	6,366,500	6,351,200
Receivables	US$ in thousands	473,700	432,700	488,300	378,800	478,400	462,100	—	—	446,800	459,300	467,500	404,800	480,400	403,600	381,700	141,500	304,100	380,100	513,700	334,500
Receivables turnover		14.00	15.26	13.32	17.03	13.47	13.90	—	—	13.92	13.03	11.98	13.07	9.16	10.87	12.33	36.88	20.26	16.82	12.39	18.99

March 31, 2024 calculation

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

The receivables turnover ratio for Ralph Lauren Corp Class A has shown some fluctuations over the past few quarters, ranging from a low of 9.16 to a high of 36.88. In general, a higher receivables turnover ratio indicates that the company is more efficient in collecting its accounts receivable.

For the most recent quarter ending March 31, 2024, the receivables turnover was 14.00, which indicates that on average, the company collected its receivables approximately 14 times during the period. This suggests a moderate level of efficiency in collecting payments from customers.

It is worth noting that there was a significant spike in the receivables turnover ratio in the quarter ending June 30, 2020, with a ratio of 36.88. This sudden increase may be attributed to various factors such as changes in credit policies, customer payment behaviors, or seasonality in sales.

Overall, monitoring the trend of the receivables turnover ratio over time can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments promptly.