Costco Wholesale (NEOE:COST) Receivables Turnover : 21.81 (As of Feb. 2024)

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What is Costco Wholesale 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. Costco Wholesale's Revenue for the three months ended in Feb. 2024 was C$78,897 Mil. Costco Wholesale's average Accounts Receivable for the three months ended in Feb. 2024 was C$3,618 Mil. Hence, Costco Wholesale's Receivables Turnover for the three months ended in Feb. 2024 was 21.81.

Costco Wholesale Receivables Turnover Historical Data

The historical data trend for Costco Wholesale'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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Costco Wholesale Receivables Turnover Chart

Costco Wholesale Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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96.19

107.93

114.23

113.49

109.32

Costco Wholesale Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															20.36	20.62	32.93	24.14	21.81

Competitive Comparison of Costco Wholesale's Receivables Turnover

For the Discount Stores subindustry, Costco Wholesale'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.

Costco Wholesale's Receivables Turnover Distribution in the Retail - Defensive Industry

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

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

Costco Wholesale Receivables Turnover Calculation

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

Costco Wholesale's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	326558.462	/ (	(2894.7	+	3079.723)	/	2 )
=	326558.462	/	2987.2115
=	109.32

Costco Wholesale's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	78896.7	/ (	(3484.319	+	3751.65)	/	2 )
=	78896.7	/	3617.9845
=	21.81

Costco Wholesale (NEOE:COST) 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.

Costco Wholesale Receivables Turnover Related Terms

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Costco Wholesale (NEOE:COST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (NEOE:COST) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

COST:USA COST:Mexico CTO0:Germany COST:Chile COWC34:Brazil COST:Argentina

Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.