Ross Stores Inc (ROST)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,541,100 | 18,693,000 | 18,841,900 | 12,208,200 | 16,057,200 |
| Receivables | US$ in thousands | 130,766 | 145,694 | 119,247 | 115,067 | 102,236 |
| Receivables turnover | 157.08 | 128.30 | 158.01 | 106.10 | 157.06 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $20,541,100K ÷ $130,766K
= 157.08
Ross Stores Inc's receivables turnover has shown fluctuations over the past five years. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a period. A higher turnover ratio suggests that the company is collecting its outstanding receivables more quickly.
In this case, Ross Stores Inc's receivables turnover ratio has ranged from 106.10 to 158.01 over the past five years. The highest turnover ratio was recorded in January 2022 at 158.01, indicating that the company efficiently collected its accounts receivable during that period. Conversely, the lowest turnover ratio was observed in January 2021 at 106.10, suggesting a slightly slower collection of receivables during that period.
Overall, the trend in Ross Stores Inc's receivables turnover ratio has been relatively stable, with fluctuations within a reasonable range. This indicates that the company has been managing its accounts receivable effectively over the years, ensuring timely collection and optimizing its working capital performance.
Peer comparison
Feb 3, 2024