Ulta Beauty Inc (ULTA)

Activity ratios

Short-term

Turnover ratios

	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Inventory turnover	3.51	2.95	3.83	3.98	4.37	3.87	2.61	2.65	3.43	3.70	4.10	3.99	4.23	3.92	2.60	2.61	3.51	3.71	3.83	3.88
Receivables turnover	—	—	—	—	58.13	—	—	50.19	—	63.20	—	60.05	—	51.16	—	46.32	—	55.96	—	—
Payables turnover	—	—	—	—	13.64	—	—	10.29	—	12.87	—	11.24	—	10.96	—	8.53	—	10.53	—	—
Working capital turnover	9.04	9.98	10.26	10.37	10.26	9.39	10.51	10.66	10.05	10.72	11.14	10.86	10.83	9.93	8.85	8.85	10.28	10.74	10.51	13.07

Ulta Beauty Inc's inventory turnover has shown fluctuations over the periods analyzed, ranging from a low of 2.60 to a high of 4.37. The average inventory turnover for the company appears to be around 3.5, indicating that Ulta is selling and replenishing its inventory approximately 3.5 times a year.

On the other hand, Ulta's receivables turnover has not been consistently reported, with some periods showing no data. However, the available data suggests that the company collects its receivables relatively quickly, with turnover ratios in the range of 46.32 to 63.20 during the periods indicated.

Ulta's payables turnover has also displayed variability, ranging from 8.53 to 13.64. This indicates that the company is paying its suppliers at differing rates across the examined periods.

The working capital turnover ratio for Ulta has generally remained between 8.85 to 13.07, reflecting the company's efficiency in utilizing its working capital to generate sales revenue. A higher turnover ratio indicates that Ulta is effectively leveraging its working capital to support its operations and growth.

Overall, the analysis of Ulta Beauty Inc's activity ratios suggests that the company is effectively managing its inventory, receivables, payables, and working capital to support its business operations and growth. Further scrutiny of trends and industry benchmarks would provide a more comprehensive assessment of Ulta's performance in these areas.

Average number of days

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Days of inventory on hand (DOH)	days	103.99	123.89	95.25	91.78	83.45	94.29	139.67	137.80	106.35	98.77	88.93	91.52	86.32	93.04	140.60	139.86	104.05	98.44	95.30	94.08
Days of sales outstanding (DSO)	days	—	—	—	—	6.28	—	—	7.27	—	5.78	—	6.08	—	7.14	—	7.88	—	6.52	—	—
Number of days of payables	days	—	—	—	—	26.76	—	—	35.46	—	28.36	—	32.47	—	33.29	—	42.80	—	34.67	—	—

Ulta Beauty Inc's activity ratios provide insights into the management of the company's inventory, receivables, and payables.

1. Days of Inventory on Hand (DOH): Ulta's trend in DOH shows fluctuations over the period, ranging from a low of 83.45 days to a high of 140.60 days. The company appears to manage its inventory efficiently, with the number of days of inventory on hand decreasing towards the end of the period.

2. Days of Sales Outstanding (DSO): Ulta's DSO data is inconsistent, with many periods showing "— days," indicating missing data. However, the available information suggests that the company collects its receivables relatively quickly, with DSO figures ranging from 5.78 to 7.27 days.

3. Number of Days of Payables: Ulta's payables management also varies, with periods showing "— days" aligning with missing data. However, the available information indicates a reduction in the number of days of payables outstanding, decreasing from 42.80 days to 26.76 days.

Overall, Ulta Beauty Inc exhibits satisfactory activity ratios, with indications of effective inventory management, efficient receivables collection, and a potential improvement in payables management over the analyzed period.

Long-term

	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Fixed asset turnover	—	—	—	—	10.22	—	—	9.11	9.62	10.27	11.49	11.20	11.03	10.11	9.59	9.60	10.60	11.08	10.78	3.94
Total asset turnover	1.88	1.91	2.16	2.19	2.12	1.94	1.79	1.82	1.97	2.10	2.18	2.13	2.07	1.90	1.74	1.74	1.96	2.04	1.96	1.98

Ulta Beauty Inc's fixed asset turnover ratio has shown a fluctuating trend over the past few years, ranging from a low of 3.94 in January 2022 to a high of 11.49 in April 30, 2023. The ratio indicates that the company generated between 3.94 to 11.49 times in sales revenue for every dollar of fixed assets invested during the respective periods.

On the other hand, the total asset turnover ratio has also displayed variability, with values oscillating between 1.74 and 2.18. This ratio reflects the efficiency of Ulta Beauty in generating sales revenue in relation to its total assets.

Overall, the performance of the company in terms of both fixed asset turnover and total asset turnover ratios suggests fluctuations over time, indicating potential changes in asset utilization and productivity within the organization. Further analysis and comparison with industry benchmarks would be beneficial to gain deeper insights into Ulta Beauty Inc's long-term activity efficiency.