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Express, (FRA:02Z0) Receivables Turnover : 18.33 (As of Oct. 2023)


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What is Express, Receivables Turnover?

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. Express,'s Revenue for the three months ended in Oct. 2023 was €430 Mil. Express,'s average Accounts Receivable for the three months ended in Oct. 2023 was €23 Mil. Hence, Express,'s Receivables Turnover for the three months ended in Oct. 2023 was 18.33.


Express, Receivables Turnover Historical Data

The historical data trend for Express,'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.

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Express, Receivables Turnover Chart

Express, Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 147.58 145.74 91.43 148.07 158.24

Express, Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.77 33.61 25.81 24.54 18.33

Competitive Comparison of Express,'s Receivables Turnover

For the Apparel Retail subindustry, Express,'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.


Express,'s Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Express,'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Express,'s Receivables Turnover falls into.



Express, Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Express,'s Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

Receivables Turnover (A: Jan. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2023 ) / ((Accounts Receivable (A: Jan. 2022 ) + Accounts Receivable (A: Jan. 2023 )) / count )
=1729.961 / ((10.382 + 11.483) / 2 )
=1729.961 / 10.9325
=158.24

Express,'s Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

Receivables Turnover (Q: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2023 ) / ((Accounts Receivable (Q: Jul. 2023 ) + Accounts Receivable (Q: Oct. 2023 )) / count )
=429.998 / ((16.473 + 30.433) / 2 )
=429.998 / 23.453
=18.33

* 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.


Express,  (FRA:02Z0) 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.


Express, Receivables Turnover Related Terms

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Express, (FRA:02Z0) Business Description

Traded in Other Exchanges
Address
1 Express Drive, Columbus, OH, USA, 43230
Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.

Express, (FRA:02Z0) Headlines

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