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. Macy's's Revenue for the
three
months ended in Jan. 2024 was $8,375 Mil. Macy's's average Accounts Receivable for the
three
months ended in Jan. 2024 was $256 Mil.
Hence, Macy's's Receivables Turnover for the
three
months ended in Jan. 2024 was 32.78.
Macy's Receivables Turnover Historical Data
The historical data trend for Macy's'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 Macy's's Receivables Turnover
For the Department Stores subindustry, Macy's'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.
Macy's's Receivables Turnover Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Macy's's Receivables Turnover falls into.
Macy's Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Macy's's Receivables Turnover for the fiscal year that ended in Jan. 2024 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.
Macy's (NYSE:M) 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.
Macy's Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Macy's's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.
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