Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Ross Stores Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Ross Stores Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Ross Stores Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Ross Stores Inc. payables turnover ratio increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Ross Stores Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Ross Stores Inc. number of days of inventory outstanding deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Ross Stores Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Ross Stores Inc. number of days of payables outstanding decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Ross Stores Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023. |
Inventory Turnover
Ross Stores Inc., inventory turnover calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cost of goods sold | 3,424,046) | 3,399,535) | 3,196,446) | 3,773,636) | 3,326,004) | 3,410,871) | 3,198,396) | 3,157,044) | 2,711,419) | 2,080,120) | 1,889,991) | 3,224,237) | 2,766,432) | 2,843,850) | 2,701,668) | 2,989,744) | 2,547,331) | 2,666,983) | 2,522,219) | 2,922,582) | 2,369,148) | 2,420,942) | 2,329,966) | 2,539,563) | 2,206,092) | 2,251,845) | 2,176,205) | ||||||||
| Merchandise inventory | 2,494,002) | 2,716,878) | 2,673,551) | 2,262,273) | 2,231,242) | 1,751,027) | 1,697,992) | 1,508,982) | 1,630,390) | 1,117,983) | 1,757,263) | 1,832,339) | 2,168,796) | 1,835,869) | 1,813,773) | 1,750,442) | 1,979,080) | 1,698,390) | 1,895,456) | 1,641,735) | 1,840,225) | 1,608,333) | 1,594,760) | 1,512,886) | 1,763,745) | 1,560,209) | 1,498,449) | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Inventory turnover1 | 5.53 | 5.04 | 5.13 | 6.06 | 5.87 | 7.13 | 6.56 | 6.52 | 6.08 | 8.91 | 6.10 | 6.30 | 5.21 | 6.04 | 6.01 | 6.13 | 5.39 | 6.17 | 5.40 | 6.12 | 5.25 | 5.90 | 5.85 | 6.06 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 8.41 | 8.01 | 8.49 | 8.40 | 7.80 | 7.30 | 7.90 | 8.34 | 8.69 | 10.90 | 10.54 | 9.80 | 8.76 | 9.81 | 9.33 | 8.08 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 4.07 | 3.96 | 4.01 | 4.55 | 4.76 | 5.06 | 4.87 | 5.25 | 5.13 | 5.83 | 4.93 | 5.00 | 4.65 | 4.91 | 4.65 | 5.10 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 3.23 | 3.29 | 3.14 | 3.65 | 3.82 | 3.66 | 3.44 | 3.71 | 3.64 | 3.90 | 3.52 | 3.73 | 3.57 | 3.58 | 3.26 | 3.85 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 4.26 | 5.04 | 5.10 | 5.82 | 4.90 | 6.04 | 5.35 | 5.66 | 5.08 | 6.88 | 5.59 | 6.13 | 4.64 | 5.64 | 5.59 | 6.08 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Inventory turnover
= (Cost of goods soldQ3 2023
+ Cost of goods soldQ2 2023
+ Cost of goods soldQ1 2023
+ Cost of goods soldQ4 2022)
÷ Merchandise inventory
= (3,424,046 + 3,399,535 + 3,196,446 + 3,773,636)
÷ 2,494,002 = 5.53
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Ross Stores Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Receivables Turnover
Ross Stores Inc., receivables turnover calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Sales | 4,565,489) | 4,583,009) | 4,333,100) | 5,020,649) | 4,574,541) | 4,804,974) | 4,516,080) | 4,249,671) | 3,754,509) | 2,684,712) | 1,842,673) | 4,413,445) | 3,849,117) | 3,979,869) | 3,796,642) | 4,107,388) | 3,549,608) | 3,737,926) | 3,588,619) | 4,067,806) | 3,328,894) | 3,431,603) | 3,306,429) | 3,510,158) | 3,086,687) | 3,180,917) | 3,088,995) | ||||||||
| Accounts receivable | 168,483) | 167,503) | 164,071) | 119,247) | 158,765) | 159,163) | 167,139) | 115,067) | 122,654) | 162,723) | 49,624) | 102,236) | 124,853) | 130,439) | 121,607) | 96,711) | 117,825) | 121,508) | 109,425) | 87,868) | 103,071) | 103,359) | 100,840) | 75,154) | 91,355) | 97,139) | 96,244) | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Receivables turnover1 | 109.82 | 110.51 | 114.18 | 158.63 | 114.29 | 108.85 | 90.97 | 108.91 | 103.51 | 78.60 | 283.84 | 156.88 | 126.01 | 118.32 | 124.92 | 154.93 | 126.83 | 121.17 | 131.75 | 160.86 | 131.73 | 129.02 | 129.75 | 171.21 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Home Depot Inc. | 42.15 | 41.67 | 38.76 | 44.12 | 41.81 | 43.47 | 39.00 | 44.15 | 47.12 | 46.57 | 42.95 | 52.34 | 49.72 | 48.38 | 47.32 | 55.89 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 86.31 | 89.32 | 86.53 | 93.79 | 74.20 | 70.21 | 60.88 | 69.69 | 72.02 | 75.94 | 213.66 | 108.00 | 91.76 | 106.12 | 100.60 | 112.54 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Receivables turnover
= (SalesQ3 2023
+ SalesQ2 2023
+ SalesQ1 2023
+ SalesQ4 2022)
÷ Accounts receivable
= (4,565,489 + 4,583,009 + 4,333,100 + 5,020,649)
÷ 168,483 = 109.82
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Ross Stores Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Payables Turnover
Ross Stores Inc., payables turnover calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cost of goods sold | 3,424,046) | 3,399,535) | 3,196,446) | 3,773,636) | 3,326,004) | 3,410,871) | 3,198,396) | 3,157,044) | 2,711,419) | 2,080,120) | 1,889,991) | 3,224,237) | 2,766,432) | 2,843,850) | 2,701,668) | 2,989,744) | 2,547,331) | 2,666,983) | 2,522,219) | 2,922,582) | 2,369,148) | 2,420,942) | 2,329,966) | 2,539,563) | 2,206,092) | 2,251,845) | 2,176,205) | ||||||||
| Accounts payable | 1,927,757) | 2,085,680) | 2,175,350) | 2,372,302) | 2,652,881) | 2,588,551) | 2,574,780) | 2,256,928) | 2,426,390) | 1,009,704) | 706,267) | 1,296,482) | 1,480,205) | 1,359,829) | 1,296,183) | 1,177,104) | 1,394,029) | 1,184,422) | 1,299,145) | 1,059,844) | 1,289,620) | 1,172,847) | 1,178,029) | 1,021,735) | 1,149,136) | 1,125,836) | 1,056,257) | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Payables turnover1 | 7.16 | 6.57 | 6.30 | 5.78 | 4.94 | 4.82 | 4.33 | 4.36 | 4.08 | 9.87 | 15.18 | 8.90 | 7.64 | 8.15 | 8.41 | 9.11 | 7.65 | 8.85 | 7.88 | 9.48 | 7.49 | 8.10 | 7.92 | 8.98 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 4.14 | 4.22 | 4.34 | 3.63 | 4.22 | 3.91 | 4.03 | 3.46 | 3.76 | 3.98 | 3.93 | 3.22 | 3.57 | 3.77 | 4.39 | 3.51 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 8.43 | 7.19 | 6.59 | 7.45 | 7.32 | 7.47 | 6.44 | 7.52 | 6.42 | 6.73 | 7.35 | 9.33 | 7.91 | 7.62 | 6.99 | 9.16 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 5.22 | 5.03 | 4.59 | 5.65 | 5.62 | 5.28 | 4.52 | 5.51 | 4.48 | 4.18 | 4.63 | 6.42 | 5.54 | 5.18 | 4.26 | 5.85 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 7.11 | 8.74 | 8.16 | 7.77 | 5.97 | 6.96 | 6.17 | 5.09 | 4.13 | 10.64 | 25.79 | 11.17 | 8.45 | 11.00 | 10.97 | 10.53 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Payables turnover
= (Cost of goods soldQ3 2023
+ Cost of goods soldQ2 2023
+ Cost of goods soldQ1 2023
+ Cost of goods soldQ4 2022)
÷ Accounts payable
= (3,424,046 + 3,399,535 + 3,196,446 + 3,773,636)
÷ 1,927,757 = 7.16
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Ross Stores Inc. payables turnover ratio increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Working Capital Turnover
Ross Stores Inc., working capital turnover calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Current assets | 6,761,189) | 6,985,071) | 7,048,002) | 7,473,176) | 7,844,911) | 7,672,849) | 7,431,528) | 6,692,491) | 6,516,567) | 5,347,361) | 4,587,915) | 3,432,828) | 3,606,662) | 3,515,918) | 3,462,705) | 3,404,019) | 3,623,307) | 3,379,655) | 3,454,079) | 3,151,157) | 3,235,945) | 3,004,417) | 3,064,735) | 2,813,049) | 2,875,376) | 2,713,680) | 2,629,123) | ||||||||
| Less: Current liabilities | 3,464,230) | 3,644,981) | 3,756,062) | 4,214,929) | 4,476,309) | 4,336,190) | 4,318,395) | 3,967,033) | 3,941,629) | 3,153,072) | 2,623,617) | 2,701,934) | 2,858,238) | 2,679,408) | 2,593,511) | 2,009,484) | 2,252,294) | 1,978,147) | 2,106,625) | 1,926,402) | 2,056,242) | 1,828,961) | 1,937,723) | 1,752,506) | 1,887,944) | 1,751,181) | 1,750,896) | ||||||||
| Working capital | 3,296,959) | 3,340,090) | 3,291,940) | 3,258,247) | 3,368,602) | 3,336,659) | 3,113,133) | 2,725,458) | 2,574,938) | 2,194,289) | 1,964,298) | 730,894) | 748,424) | 836,510) | 869,194) | 1,394,535) | 1,371,013) | 1,401,508) | 1,347,454) | 1,224,755) | 1,179,703) | 1,175,456) | 1,127,012) | 1,060,543) | 987,432) | 962,499) | 878,227) | ||||||||
| Sales | 4,565,489) | 4,583,009) | 4,333,100) | 5,020,649) | 4,574,541) | 4,804,974) | 4,516,080) | 4,249,671) | 3,754,509) | 2,684,712) | 1,842,673) | 4,413,445) | 3,849,117) | 3,979,869) | 3,796,642) | 4,107,388) | 3,549,608) | 3,737,926) | 3,588,619) | 4,067,806) | 3,328,894) | 3,431,603) | 3,306,429) | 3,510,158) | 3,086,687) | 3,180,917) | 3,088,995) | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Working capital turnover1 | 5.61 | 5.54 | 5.69 | 5.81 | 5.39 | 5.19 | 4.88 | 4.60 | 4.93 | 5.83 | 7.17 | 21.94 | 21.02 | 18.45 | 17.48 | 10.74 | 10.90 | 10.51 | 10.70 | 11.54 | 11.51 | 11.34 | 11.61 | 12.13 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | — | — | — | 24.33 | 31.50 | 19.23 | 69.81 | 60.82 | 31.47 | 18.92 | 47.22 | 32.92 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 16.73 | 30.40 | 43.84 | 417.56 | 41.45 | 90.49 | 48.51 | 24.87 | 13.79 | 16.66 | 28.53 | 76.81 | 68.95 | 57.87 | 124.59 | 59.68 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 23.32 | 41.46 | 25.26 | 245.54 | 23.72 | 27.67 | 24.04 | 24.92 | 11.60 | 12.67 | 20.57 | 530.50 | 119.81 | 74.71 | 46.13 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 28.07 | 29.41 | 20.26 | 17.40 | 14.05 | 12.91 | 7.40 | 6.51 | 6.91 | 8.72 | 6.55 | 23.97 | 24.08 | 23.99 | 26.62 | 13.27 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Working capital turnover
= (SalesQ3 2023
+ SalesQ2 2023
+ SalesQ1 2023
+ SalesQ4 2022)
÷ Working capital
= (4,565,489 + 4,583,009 + 4,333,100 + 5,020,649)
÷ 3,296,959 = 5.61
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Ross Stores Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023. |
Average Inventory Processing Period
Ross Stores Inc., average inventory processing period calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||||||||
| Inventory turnover | 5.53 | 5.04 | 5.13 | 6.06 | 5.87 | 7.13 | 6.56 | 6.52 | 6.08 | 8.91 | 6.10 | 6.30 | 5.21 | 6.04 | 6.01 | 6.13 | 5.39 | 6.17 | 5.40 | 6.12 | 5.25 | 5.90 | 5.85 | 6.06 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||||||||
| Average inventory processing period1 | 66 | 72 | 71 | 60 | 62 | 51 | 56 | 56 | 60 | 41 | 60 | 58 | 70 | 60 | 61 | 60 | 68 | 59 | 68 | 60 | 70 | 62 | 62 | 60 | — | — | — | ||||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 43 | 46 | 43 | 43 | 47 | 50 | 46 | 44 | 42 | 33 | 35 | 37 | 42 | 37 | 39 | 45 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 90 | 92 | 91 | 80 | 77 | 72 | 75 | 70 | 71 | 63 | 74 | 73 | 78 | 74 | 78 | 72 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 113 | 111 | 116 | 100 | 96 | 100 | 106 | 98 | 100 | 94 | 104 | 98 | 102 | 102 | 112 | 95 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 86 | 72 | 72 | 63 | 74 | 60 | 68 | 65 | 72 | 53 | 65 | 60 | 79 | 65 | 65 | 60 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.53 = 66
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Ross Stores Inc. number of days of inventory outstanding deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Average Receivable Collection Period
Ross Stores Inc., average receivable collection period calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||||||||
| Receivables turnover | 109.82 | 110.51 | 114.18 | 158.63 | 114.29 | 108.85 | 90.97 | 108.91 | 103.51 | 78.60 | 283.84 | 156.88 | 126.01 | 118.32 | 124.92 | 154.93 | 126.83 | 121.17 | 131.75 | 160.86 | 131.73 | 129.02 | 129.75 | 171.21 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||||||||
| Average receivable collection period1 | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 3 | 4 | 5 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | — | — | — | ||||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||||||||||||||
| Home Depot Inc. | 9 | 9 | 9 | 8 | 9 | 8 | 9 | 8 | 8 | 8 | 8 | 7 | 7 | 8 | 8 | 7 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 5 | 5 | 5 | 2 | 3 | 4 | 3 | 4 | 3 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 109.82 = 3
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Operating Cycle
Ross Stores Inc., operating cycle calculation (quarterly data)
No. days
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||||||||
| Average inventory processing period | 66 | 72 | 71 | 60 | 62 | 51 | 56 | 56 | 60 | 41 | 60 | 58 | 70 | 60 | 61 | 60 | 68 | 59 | 68 | 60 | 70 | 62 | 62 | 60 | — | — | — | ||||||||
| Average receivable collection period | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 3 | 4 | 5 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | — | — | — | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Operating cycle1 | 69 | 75 | 74 | 62 | 65 | 54 | 60 | 59 | 64 | 46 | 61 | 60 | 73 | 63 | 64 | 62 | 71 | 62 | 71 | 62 | 73 | 65 | 65 | 62 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | |||||||||||||||||||||||||||||||||||
| Home Depot Inc. | 99 | 101 | 100 | 88 | 86 | 80 | 84 | 78 | 79 | 71 | 82 | 80 | 85 | 82 | 86 | 79 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 90 | 76 | 76 | 67 | 79 | 65 | 74 | 70 | 77 | 58 | 67 | 63 | 83 | 68 | 69 | 63 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 66 + 3 = 69
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Ross Stores Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Average Payables Payment Period
Ross Stores Inc., average payables payment period calculation (quarterly data)
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||||||||
| Payables turnover | 7.16 | 6.57 | 6.30 | 5.78 | 4.94 | 4.82 | 4.33 | 4.36 | 4.08 | 9.87 | 15.18 | 8.90 | 7.64 | 8.15 | 8.41 | 9.11 | 7.65 | 8.85 | 7.88 | 9.48 | 7.49 | 8.10 | 7.92 | 8.98 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||||||||
| Average payables payment period1 | 51 | 56 | 58 | 63 | 74 | 76 | 84 | 84 | 89 | 37 | 24 | 41 | 48 | 45 | 43 | 40 | 48 | 41 | 46 | 39 | 49 | 45 | 46 | 41 | — | — | — | ||||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 88 | 87 | 84 | 101 | 86 | 93 | 91 | 105 | 97 | 92 | 93 | 113 | 102 | 97 | 83 | 104 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 43 | 51 | 55 | 49 | 50 | 49 | 57 | 49 | 57 | 54 | 50 | 39 | 46 | 48 | 52 | 40 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 70 | 72 | 79 | 65 | 65 | 69 | 81 | 66 | 81 | 87 | 79 | 57 | 66 | 70 | 86 | 62 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 51 | 42 | 45 | 47 | 61 | 52 | 59 | 72 | 88 | 34 | 14 | 33 | 43 | 33 | 33 | 35 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.16 = 51
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Ross Stores Inc. number of days of payables outstanding decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Cash Conversion Cycle
Ross Stores Inc., cash conversion cycle calculation (quarterly data)
No. days
| Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||||||||
| Average inventory processing period | 66 | 72 | 71 | 60 | 62 | 51 | 56 | 56 | 60 | 41 | 60 | 58 | 70 | 60 | 61 | 60 | 68 | 59 | 68 | 60 | 70 | 62 | 62 | 60 | — | — | — | ||||||||
| Average receivable collection period | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 3 | 4 | 5 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | — | — | — | ||||||||
| Average payables payment period | 51 | 56 | 58 | 63 | 74 | 76 | 84 | 84 | 89 | 37 | 24 | 41 | 48 | 45 | 43 | 40 | 48 | 41 | 46 | 39 | 49 | 45 | 46 | 41 | — | — | — | ||||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Cash conversion cycle1 | 18 | 19 | 16 | -1 | -9 | -22 | -24 | -25 | -25 | 9 | 37 | 19 | 25 | 18 | 21 | 22 | 23 | 21 | 25 | 23 | 24 | 20 | 19 | 21 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | |||||||||||||||||||||||||||||||||||
| Home Depot Inc. | 56 | 50 | 45 | 39 | 36 | 31 | 27 | 29 | 22 | 17 | 32 | 41 | 39 | 34 | 34 | 39 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 39 | 34 | 31 | 20 | 18 | 13 | 15 | -2 | -11 | 24 | 53 | 30 | 40 | 35 | 36 | 28 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 66 + 3 – 51 = 18
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Ross Stores Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023. |