Walgreens Boots Alliance Inc (WBA)
Receivables turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 148,445,000 | 145,518,000 | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 |
| Receivables | US$ in thousands | 5,851,000 | 5,949,000 | 6,200,000 | 5,972,000 | 5,381,000 | 5,843,000 | 5,730,000 | 4,853,000 | 5,017,000 | 5,034,000 | 5,328,000 | 5,960,000 | 5,663,000 | 5,153,000 | 4,878,000 | 7,869,000 | 7,132,000 | 6,982,000 | 7,572,000 | 7,435,000 |
| Receivables turnover | 25.37 | 24.46 | 23.29 | 23.81 | 25.96 | 23.40 | 23.38 | 27.39 | 26.41 | 26.68 | 25.39 | 22.53 | 24.12 | 26.61 | 28.31 | 17.93 | 19.50 | 19.81 | 18.25 | 18.41 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $148,445,000K ÷ $5,851,000K
= 25.37
The receivables turnover ratio for Walgreens Boots Alliance Inc has shown fluctuating trends over the past few years. The ratio indicates how many times, on average, the company collects its accounts receivable during a specific period.
Looking at the data provided, we can see that the receivables turnover ratio has generally been in the range of 20 to 30 times over the past two years. A higher turnover ratio is generally viewed positively as it signifies that the company is efficient in collecting payments from its customers.
There are variations in the ratio from period to period, with some quarters showing higher turnover rates compared to others. For example, in the last quarter, the receivables turnover was 25.37, indicating that the company collected its outstanding receivables approximately 25 times during that period.
It is important for Walgreens Boots Alliance Inc to closely monitor its receivables turnover ratio to ensure efficient management of its accounts receivable and to maintain healthy cash flow. Additionally, the company should analyze the reasons behind any significant fluctuations in the ratio to address any potential issues in its credit and collections processes.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Receivables Turnover (Quarterly Data)