Walgreens Boots Alliance Inc (WBA)
Receivables turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 136,337,000 | 135,825,000 |
| Receivables | US$ in thousands | 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 | 7,226,000 | 7,239,000 |
| Receivables turnover | 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 | 18.87 | 18.76 |
February 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $144,409,000K ÷ $6,200,000K
= 23.29
The receivables turnover ratio for Walgreens Boots Alliance Inc has shown fluctuations over the analyzed period. The company's ability to collect outstanding receivables improved from 2019 to mid-2020, reaching a peak at around 28.31 in February 2021. However, since then, the turnover ratio has declined and remained relatively stable in the range of 22 to 26 times per year.
A high receivables turnover ratio indicates that Walgreens Boots Alliance Inc is collecting its accounts receivable efficiently, which is a positive sign of effective credit management and timely collection practices. A decreasing trend in the turnover ratio could suggest that the company may be experiencing challenges in collecting receivables promptly.
Overall, it is important for the company to monitor its receivables turnover ratio consistently to ensure efficient cash flow management and maintain healthy liquidity levels.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Receivables Turnover (Quarterly Data)