Ulta Beauty Inc (ULTA)

Receivables turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Revenue	US$ in thousands	11,295,700	11,207,300	11,207,300	10,208,600	10,208,600
Receivables	US$ in thousands	—	207,939	—	—	199,422
Receivables turnover		—	53.90	—	—	51.19

January 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $11,295,700K ÷ $—K
= —

Ulta Beauty Inc's receivables turnover ratio measures how efficiently the company is able to collect payments from its customers.

As of January 28, 2023, the receivables turnover ratio was 51.19, indicating that, on average, Ulta Beauty converted its accounts receivable into cash nearly 51 times during that period.

The absence of data for January 31, 2023 and January 31, 2024 makes it difficult to assess the trend over time. However, the ratio increased to 53.90 as of February 3, 2024, suggesting an improvement in the efficiency of receivables collection.

The most recent available data for January 31, 2025 is not provided, which limits our ability to evaluate the current state of receivables turnover.

Overall, a higher receivables turnover ratio is generally favorable as it signifies that the company is collecting payments more swiftly, potentially improving cash flow and reducing the risk of bad debts. Ulta Beauty's upward trend in receivables turnover reflects positively on its ability to manage its accounts receivable effectively.