Ross Stores Inc (ROST)

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	20,541,060	19,703,320	19,303,440	18,903,660	18,692,980	18,458,850	18,446,360	18,660,290	18,841,920	18,069,620	17,239,590	15,109,180	12,448,160	12,634,370	12,762,120	14,090,910	16,057,180	15,753,150	15,452,190	15,206,860
Receivables	US$ in thousands	130,766	171,915	175,410	170,816	145,694	168,483	167,503	164,071	119,247	158,765	159,163	167,139	115,067	122,654	162,723	49,624	102,236	124,853	130,439	121,607
Receivables turnover		157.08	114.61	110.05	110.67	128.30	109.56	110.13	113.73	158.01	113.81	108.31	90.40	108.18	103.01	78.43	283.95	157.06	126.17	118.46	125.05

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $20,541,060K ÷ $130,766K
= 157.08

Ross Stores Inc's receivables turnover ratio fluctuated over the analyzed period, ranging from a low of 78.43 to a high of 283.95. A high receivables turnover ratio suggests that the company is efficient in collecting its accounts receivable, while a low ratio may indicate potential issues with collection or credit policies.

On average, the company's receivables turnover ratio seems healthy, with a median value of around 113.81. This implies that Ross Stores Inc was able to convert its accounts receivable into cash approximately 113 times during the period under review.

It is important to note that a high receivables turnover ratio, such as the peak value of 283.95, could be a result of seasonal sales spikes or aggressive collection efforts. Conversely, a low ratio, such as the low of 78.43, could be due to changes in credit terms or economic conditions impacting customer payments.

Overall, while there have been fluctuations in Ross Stores Inc's receivables turnover ratio, the company appears to have maintained a relatively healthy level of efficiency in managing its accounts receivable during the period under consideration.