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. Hibbett's Revenue for the
three
months ended in Jan. 2024 was $467 Mil. Hibbett's average Accounts Receivable for the
three
months ended in Jan. 2024 was $14 Mil.
Hence, Hibbett's Receivables Turnover for the
three
months ended in Jan. 2024 was 32.31.
Hibbett Receivables Turnover Historical Data
The historical data trend for Hibbett'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 Hibbett's Receivables Turnover
For the Apparel Retail subindustry, Hibbett'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.
Hibbett's Receivables Turnover Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hibbett's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hibbett's Receivables Turnover falls into.
Hibbett Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Hibbett'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.
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.
Hibbett Receivables Turnover Related Terms
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Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
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