Shoe Zone (LSE:SHOE) Receivables Turnover : 47.12 (As of Mar. 2024)

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What is Shoe Zone 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. Shoe Zone's Revenue for the six months ended in Mar. 2024 was £76.5 Mil. Shoe Zone's average Accounts Receivable for the six months ended in Mar. 2024 was £1.6 Mil. Hence, Shoe Zone's Receivables Turnover for the six months ended in Mar. 2024 was 47.12.

Shoe Zone Receivables Turnover Historical Data

The historical data trend for Shoe Zone'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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Shoe Zone Receivables Turnover Chart

Shoe Zone Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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384.00

250.65

227.15

181.90

199.47

Shoe Zone Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															35.67	36.72	35.42	52.82	47.12

Competitive Comparison of Shoe Zone's Receivables Turnover

For the Apparel Retail subindustry, Shoe Zone'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.

Shoe Zone's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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

Shoe Zone Receivables Turnover Calculation

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

Shoe Zone's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	165.657	/ (	(1.25	+	0.411)	/	2 )
=	165.657	/	0.8305
=	199.47

Shoe Zone's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	76.475	/ (	(0.411	+	2.835)	/	2 )
=	76.475	/	1.623
=	47.12

Shoe Zone (LSE:SHOE) 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.

Shoe Zone Receivables Turnover Related Terms

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Shoe Zone (LSE:SHOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoe Zone PLC (LSE:SHOE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

86W:Germany

Address

Humberstone Road, Haramead Business Centre, Leicester, Leicestershire, GBR, LE1 2LH

Website

https://www.shoezone.com

Shoe Zone PLC operates as a footwear retailer offering a wide range and a variety of shoes for all ages, it functions with over 500 stores across the UK. The group has a single distribution center which is located in Leicester, England. Its online offering combined with its store portfolio allows customers to shop via multiple channels. Shoe zone and its subsidiaries operate in the United Kingdom and the Republic of Ireland. The majority of the revenue is generated from the United Kingdom store.

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