Walmart Inc (WMT)
Receivables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 648,125,000 | 611,289,000 | 572,754,000 | 559,151,000 | 523,964,000 |
| Receivables | US$ in thousands | 8,796,000 | 7,933,000 | 8,280,000 | 6,516,000 | 6,284,000 |
| Receivables turnover | 73.68 | 77.06 | 69.17 | 85.81 | 83.38 |
January 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $648,125,000K ÷ $8,796,000K
= 73.68
The receivables turnover ratio for Walmart Inc has shown fluctuations over the past five years. The ratio indicates how many times the company's accounts receivable are collected and converted into cash during a specific period.
In the fiscal year ending January 31, 2024, the receivables turnover ratio was 73.68 times, which is a decrease from the previous year's ratio of 77.06 times. This suggests that Walmart took longer to collect its accounts receivables in 2024 compared to 2023.
In the fiscal year ending January 31, 2022, the receivables turnover ratio was 69.17 times, showing a decline from the previous year's ratio of 85.81 times in January 31, 2021. This indicates that Walmart took longer to collect its receivables in 2022 than in 2021.
However, in January 31, 2021 and January 31, 2020, the receivables turnover ratios were 85.81 and 83.38 times respectively, showing an improvement in the collection efficiency of Walmart's accounts receivable in those years.
Overall, fluctuations in the receivables turnover ratio can be influenced by various factors such as changes in credit policies, customer payment behaviors, and economic conditions. It is important for Walmart to continuously monitor and manage its accounts receivable effectively to ensure a healthy cash flow and financial performance.
Peer comparison
Jan 31, 2024