Pier 1 Imports (STU:PJ1A) Receivables Turnover : 11.58 (As of Nov. 2019)

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What is Pier 1 Imports 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. Pier 1 Imports's Revenue for the three months ended in Nov. 2019 was €324 Mil. Pier 1 Imports's average Accounts Receivable for the three months ended in Nov. 2019 was €28 Mil. Hence, Pier 1 Imports's Receivables Turnover for the three months ended in Nov. 2019 was 11.58.

Pier 1 Imports Receivables Turnover Historical Data

The historical data trend for Pier 1 Imports'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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Pier 1 Imports Receivables Turnover Chart

Pier 1 Imports Annual Data

Trend

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Receivables Turnover

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75.60

73.69

81.83

73.79

74.74

Pier 1 Imports Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
Receivables Turnover	Get a 7-Day Free Trial															13.76	14.37	15.96	13.84	11.58

Competitive Comparison of Pier 1 Imports's Receivables Turnover

For the Specialty Retail subindustry, Pier 1 Imports'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.

Pier 1 Imports's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pier 1 Imports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pier 1 Imports's Receivables Turnover falls into.

Pier 1 Imports Receivables Turnover Calculation

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

Pier 1 Imports's Receivables Turnover for the fiscal year that ended in Feb. 2019 is calculated as

	Receivables Turnover (A: Feb. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2019 )	/ (	(Accounts Receivable (A: Feb. 2018 )	+	Accounts Receivable (A: Feb. 2019 ))	/	count )
=	1368.138	/ (	(17.941	+	18.668)	/	2 )
=	1368.138	/	18.3045
=	74.74

Pier 1 Imports's Receivables Turnover for the quarter that ended in Nov. 2019 is calculated as

	Receivables Turnover (Q: Nov. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2019 )	/ (	(Accounts Receivable (Q: Aug. 2019 )	+	Accounts Receivable (Q: Nov. 2019 ))	/	count )
=	324.366	/ (	(23.022	+	33.023)	/	2 )
=	324.366	/	28.0225
=	11.58

Pier 1 Imports (STU:PJ1A) 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.

Pier 1 Imports Receivables Turnover Related Terms

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Pier 1 Imports (STU:PJ1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pier 1 Imports Inc (STU:PJ1A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Pier 1 Place, Fort Worth, TX, USA, 76102

Website

https://www.pier1.com

Pier 1 Imports Inc is a United-States-based retailer of decorative accessories, furniture, candles, homeware, gifts and seasonal products. The company operates through retail stores and an e-commerce website under the brand Pier 1 Imports. Most of the company's stores are located in the U.S., followed with a few stores in Canada. The company also provides products and licenses the Pier 1 Imports brand to Grupo Sanborns, which operates a number of stores in Mexico and El Salvador. The company sells merchandise produced in a number of countries, such as China, India, Vietnam, Indonesia, the U.S., and others.

Pier 1 Imports (STU:PJ1A) Headlines

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