Urban Outfitters Inc (URBN)

Receivables turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	5,141,360	5,044,760	4,939,370	4,850,560	4,788,820	4,741,910	4,698,940	4,673,270	4,548,755	4,303,975	4,142,162	3,787,708	3,434,248	3,501,798	3,519,660	3,678,723	3,969,181	3,939,611	3,925,675	3,955,800
Receivables	US$ in thousands	67,008	77,399	79,118	105,589	70,339	81,422	97,374	97,058	63,760	114,208	94,402	85,307	89,952	87,187	60,441	55,910	88,288	99,971	95,131	88,390
Receivables turnover		76.73	65.18	62.43	45.94	68.08	58.24	48.26	48.15	71.34	37.69	43.88	44.40	38.18	40.16	58.23	65.80	44.96	39.41	41.27	44.75

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,141,360K ÷ $67,008K
= 76.73

The receivables turnover ratio for Urban Outfitters Inc has fluctuated over the past several quarters. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio implies better credit management and quicker collection of receivables.

In the most recent quarter, the receivables turnover ratio was 76.73, reflecting a significant increase compared to the previous quarter at 65.18. This suggests that Urban Outfitters Inc was more efficient in collecting its receivables in that period.

Looking at the trend over the past two years, there have been periods of variability in the receivables turnover ratio, with both peaks and troughs. Generally, the company has maintained a relatively high turnover ratio, indicating effective credit policies and strong collections procedures.

It is important for stakeholders to monitor the receivables turnover ratio to assess the company's liquidity and the effectiveness of its credit and collection practices. Overall, the recent increase in the ratio is a positive sign, but continued monitoring of this ratio is recommended to understand any long-term trends or deviations from the historical performance.