Victoria's Secret & Co (VSCO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,083,000 | 6,029,000 | 6,093,000 | 6,198,000 | 6,285,000 | 6,459,000 | 6,585,000 | 6,688,000 | |||
| Receivables | US$ in thousands | 152,000 | 139,000 | 140,000 | 126,000 | 141,000 | 184,000 | 149,000 | 152,000 | 162,000 | 145,000 | 99,000 |
| Receivables turnover | 40.02 | 43.37 | 43.52 | 49.19 | 44.57 | 35.10 | 44.19 | 44.00 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,083,000K ÷ $152,000K
= 40.02
The receivables turnover ratio for Victoria's Secret & Co has been relatively stable over the past 11 quarters, ranging from a low of 35.10 to a high of 49.19. This indicates that the company is efficient in collecting payments from its customers, with an average turnover of approximately 42 times per year. A higher receivables turnover ratio is generally preferred as it signifies that the company is collecting payments quickly and efficiently, converting credit sales into cash rapidly. Victoria's Secret & Co's consistent performance in this metric suggests effective management of accounts receivable and a low risk of bad debts.
Peer comparison
Feb 3, 2024