Walgreens Boots Alliance Inc (WBA)
Receivables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 149,391,000 | 140,471,000 | 132,961,000 | 131,917,000 | 138,974,000 |
| Receivables | US$ in thousands | 5,851,000 | 5,381,000 | 5,017,000 | 5,663,000 | 7,132,000 |
| Receivables turnover | 25.53 | 26.10 | 26.50 | 23.29 | 19.49 |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $149,391,000K ÷ $5,851,000K
= 25.53
The receivables turnover ratio of Walgreens Boots Alliance Inc has shown a fluctuating trend over the past five years. The ratio decreased from 19.49 in 2020 to 23.29 in 2021, before increasing to 26.50 in 2022. However, it slightly declined in 2023 to 26.10 and further to 25.53 in 2024.
A higher receivables turnover ratio typically indicates that the company is more efficient in collecting outstanding receivables from its customers. Despite some fluctuations, Walgreens Boots Alliance Inc has generally maintained a relatively high receivables turnover ratio over the years, suggesting effective management of its accounts receivables and a timely collection of payments.
It is essential for the company to monitor this ratio consistently to ensure that receivables are managed efficiently and that there are no underlying issues impacting its cash flow and liquidity position.
Peer comparison
Aug 31, 2024