GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Next PLC (OTCPK:NXGPY) » Definitions » Receivables Turnover

Next (NXGPY) Receivables Turnover : 2.28 (As of Jan. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Next 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. Next's Revenue for the six months ended in Jan. 2024 was $3,779 Mil. Next's average Accounts Receivable for the six months ended in Jan. 2024 was $1,656 Mil. Hence, Next's Receivables Turnover for the six months ended in Jan. 2024 was 2.28.


Next Receivables Turnover Historical Data

The historical data trend for Next'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.

* Premium members only.

Next Receivables Turnover Chart

Next Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.45 3.14 4.14 3.86 4.25

Next Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 2.20 1.86 2.14 2.02 2.28

Competitive Comparison of Next's Receivables Turnover

For the Apparel Retail subindustry, Next'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.


Next's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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



Next Receivables Turnover Calculation

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

Next's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Receivables Turnover (A: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2024 ) / ((Accounts Receivable (A: Jan. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count )
=6977.128 / ((1587.882 + 1694.155) / 2 )
=6977.128 / 1641.0185
=4.25

Next's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Jul. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=3779.416 / ((1617.912 + 1694.155) / 2 )
=3779.416 / 1656.0335
=2.28

* 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.


Next  (OTCPK:NXGPY) 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.


Next Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Next's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Next (NXGPY) Business Description

Traded in Other Exchanges
Address
Desford Road, Enderby, Leicester, GBR, LE19 4AT
Next PLC is a retailer that sells clothing, footwear, accessories, and home products. most of the company's offerings consist of its own Next-branded products. Almost all of Next's revenue comes from its hundreds of stores in the United Kingdom and through its online and catalog business that reaches dozens of other countries. most of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance, NEXT Retail, NEXT International Retail, Sourcing and other, and Property Management. Roughly 90% of the company's revenue comes from customers in the United Kingdom.

Next (NXGPY) Headlines

From GuruFocus

Bestinfond's Top 5 Buys of the 1st Quarter

By James Li James Li 05-20-2019

UK Quality: Next - Total Platform Opportunity

By The City Letter 10-23-2021

3 Margin-Growing UK Stocks as Lockdown Measures Ease Up

By James Li James Li 11-24-2020

'Tis the Season

By David Goodloe David Goodloe 12-18-2015

Bernard Horn Comments on Next PLC

By Sydnee Gatewood Sydnee Gatewood 10-22-2020