The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Gap's Revenue for the
three
months ended in Jan. 2024 was $4,298 Mil. Gap's average Accounts Receivable for the
three
months ended in Jan. 2024 was $289 Mil.
Hence, Gap's Receivables Turnover for the
three
months ended in Jan. 2024 was 14.87.
Gap Receivables Turnover Historical Data
The historical data trend for Gap's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Gap's Receivables Turnover
For the Apparel Retail subindustry, Gap's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gap's Receivables Turnover Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Gap's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Gap's Receivables Turnover falls into.
Gap Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Gap's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Gap (NYSE:GPS) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Gap Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Gap's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
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