Ulta Beauty Inc (ULTA)

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	11,207,300	10,879,770	10,729,630	10,496,930	10,208,570	9,711,190	9,368,180	9,038,280	8,630,900	8,100,210	7,656,460	6,917,260	6,151,950	6,259,170	6,389,650	6,828,250	7,398,070	7,216,870	7,094,370	6,915,980
Receivables	US$ in thousands	207,939	202,868	174,444	190,282	199,422	200,304	180,514	192,754	233,682	169,212	154,416	154,342	193,109	136,271	127,992	88,691	139,337	112,888	107,263	110,046
Receivables turnover		53.90	53.63	61.51	55.17	51.19	48.48	51.90	46.89	36.93	47.87	49.58	44.82	31.86	45.93	49.92	76.99	53.09	63.93	66.14	62.85

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,207,300K ÷ $207,939K
= 53.90

Ulta Beauty Inc's receivables turnover ratio has shown variability over the past few quarters. The receivables turnover ratio measures how many times a company collects its accounts receivable during a period.

From the data provided, we observe fluctuations in Ulta Beauty Inc's receivables turnover ratio. The ratio ranged from a low of 31.86 to a high of 76.99, indicating changes in the company's ability to collect outstanding receivables efficiently.

A higher turnover ratio suggests that Ulta Beauty Inc is collecting its receivables more quickly, which can be a positive indication of effective credit and collection policies. Conversely, a lower ratio may point to potential issues in collecting outstanding payments, such as extended credit terms or slow payment from customers.

Analyzing the trend of the receivables turnover ratio over time can provide insights into the company's overall liquidity and efficiency in managing its accounts receivable. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial health and operational effectiveness in managing its receivables.