Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

lululemon athletica inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Turnover Ratios
Inventory turnover 2.99 2.33 2.90 3.04 3.03 2.38 2.30 2.36 2.50 1.88 2.10 2.25 2.74 2.62 2.96 2.93 2.99 2.34 2.57 2.74 3.39
Receivables turnover 88.11 70.99 79.20 77.78 77.10 85.85 83.21 79.07 61.02 77.64 86.34 84.75 81.25 77.74 98.38 87.37 70.54 68.09 79.08 79.06 98.94
Payables turnover 15.91 10.85 13.05 15.65 11.51 12.78 12.79 12.96 20.95 10.86 11.81 9.30 9.14 10.89 11.50 10.90 11.25 11.24 14.08 21.70 21.95
Working capital turnover 4.95 5.65 4.75 4.12 3.96 4.79 4.56 4.73 4.86 5.69 5.98 6.06 5.17 4.91 4.27 3.86 3.55 4.68 5.33 3.62 3.35
Average No. Days
Average inventory processing period 122 157 126 120 120 154 159 155 146 195 174 162 133 139 123 125 122 156 142 133 108
Add: Average receivable collection period 4 5 5 5 5 4 4 5 6 5 4 4 4 5 4 4 5 5 5 5 4
Operating cycle 126 162 131 125 125 158 163 160 152 200 178 166 137 144 127 129 127 161 147 138 112
Less: Average payables payment period 23 34 28 23 32 29 29 28 17 34 31 39 40 34 32 33 32 32 26 17 17
Cash conversion cycle 103 128 103 102 93 129 134 132 135 166 147 127 97 110 95 96 95 129 121 121 95

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. lululemon athletica inc. inventory turnover ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. lululemon athletica inc. receivables turnover ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. lululemon athletica inc. payables turnover ratio decreased from Q2 2025 to Q3 2025 but then increased from Q3 2025 to Q4 2025 exceeding Q2 2025 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. lululemon athletica inc. working capital turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025 not reaching Q2 2025 level.

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. lululemon athletica inc. number of days of inventory outstanding deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 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. lululemon athletica inc. operating cycle deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 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. lululemon athletica inc. number of days of payables outstanding increased from Q2 2025 to Q3 2025 but then decreased significantly from Q3 2025 to Q4 2025.
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.

Inventory Turnover

lululemon athletica inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data (US$ in thousands)
Cost of goods sold 1,429,545 995,054 958,893 933,823 1,301,678 947,554 910,654 849,987 1,244,219 818,037 812,852 743,070 892,941 621,028 607,932 526,151 716,815 490,072 413,441 317,560 586,665 411,094 397,556 360,595
Inventories 1,442,081 1,800,893 1,429,043 1,345,267 1,323,602 1,663,617 1,660,753 1,580,313 1,447,367 1,741,716 1,462,076 1,275,040 966,481 943,900 789,836 732,890 647,230 770,990 672,773 625,849 518,513 627,102 494,294 443,006
Short-term Activity Ratio
Inventory turnover1 2.99 2.33 2.90 3.04 3.03 2.38 2.30 2.36 2.50 1.88 2.10 2.25 2.74 2.62 2.96 2.93 2.99 2.34 2.57 2.74 3.39
Benchmarks
Inventory Turnover, Competitors2
Nike Inc. 3.40 3.34 3.79 3.72 3.62 3.34 3.42 3.19 2.92 2.67 3.00 3.27 3.85 3.77 3.59 3.26 3.59 3.17 2.87 3.92 3.61 3.75

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Inventory turnover = (Cost of goods soldQ4 2025 + Cost of goods soldQ3 2025 + Cost of goods soldQ2 2025 + Cost of goods soldQ1 2025) ÷ Inventories
= (1,429,545 + 995,054 + 958,893 + 933,823) ÷ 1,442,081 = 2.99

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. lululemon athletica inc. inventory turnover ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Receivables Turnover

lululemon athletica inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data (US$ in thousands)
Net revenue 3,611,497 2,396,660 2,371,078 2,208,891 3,205,103 2,204,218 2,209,165 2,000,792 2,771,838 1,856,889 1,868,328 1,613,463 2,129,113 1,450,421 1,450,618 1,226,465 1,729,549 1,117,426 902,942 651,962 1,397,491 916,138 883,352 782,315
Accounts receivable, net 120,173 143,418 126,121 126,349 124,769 107,004 106,221 107,468 132,906 96,179 81,784 78,391 77,001 75,343 56,150 56,956 62,399 59,772 48,922 48,684 40,219 35,744 27,659 20,105
Short-term Activity Ratio
Receivables turnover1 88.11 70.99 79.20 77.78 77.10 85.85 83.21 79.07 61.02 77.64 86.34 84.75 81.25 77.74 98.38 87.37 70.54 68.09 79.08 79.06 98.94
Benchmarks
Receivables Turnover, Competitors2
Nike Inc. 9.24 10.50 11.60 11.40 10.78 10.84 12.40 11.22 9.03 9.51 10.01 12.23 12.36 10.64 9.98 10.50 10.30 9.79 13.61 9.23 8.51 8.55

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Receivables turnover = (Net revenueQ4 2025 + Net revenueQ3 2025 + Net revenueQ2 2025 + Net revenueQ1 2025) ÷ Accounts receivable, net
= (3,611,497 + 2,396,660 + 2,371,078 + 2,208,891) ÷ 120,173 = 88.11

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. lululemon athletica inc. receivables turnover ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Payables Turnover

lululemon athletica inc., payables turnover calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data (US$ in thousands)
Cost of goods sold 1,429,545 995,054 958,893 933,823 1,301,678 947,554 910,654 849,987 1,244,219 818,037 812,852 743,070 892,941 621,028 607,932 526,151 716,815 490,072 413,441 317,560 586,665 411,094 397,556 360,595
Accounts payable 271,406 385,960 317,348 261,605 348,441 309,324 298,914 287,464 172,732 300,870 259,927 308,086 289,728 227,067 203,546 196,934 172,246 160,779 122,767 78,940 79,997 116,281 110,513 88,258
Short-term Activity Ratio
Payables turnover1 15.91 10.85 13.05 15.65 11.51 12.78 12.79 12.96 20.95 10.86 11.81 9.30 9.14 10.89 11.50 10.90 11.25 11.24 14.08 21.70 21.95
Benchmarks
Payables Turnover, Competitors2
Nike Inc. 8.34 8.22 9.99 12.28 10.66 10.62 10.11 10.63 9.68 7.64 7.51 9.09 8.95 11.84 8.67 9.68 10.14 10.70 9.41 10.24 8.52 8.06

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Payables turnover = (Cost of goods soldQ4 2025 + Cost of goods soldQ3 2025 + Cost of goods soldQ2 2025 + Cost of goods soldQ1 2025) ÷ Accounts payable
= (1,429,545 + 995,054 + 958,893 + 933,823) ÷ 271,406 = 15.91

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. lululemon athletica inc. payables turnover ratio decreased from Q2 2025 to Q3 2025 but then increased from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Working Capital Turnover

lululemon athletica inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data (US$ in thousands)
Current assets 3,980,302 3,605,289 3,571,744 3,768,087 4,060,577 3,364,899 3,323,933 3,053,302 3,159,453 2,634,181 2,387,094 2,303,240 2,614,853 2,311,294 2,275,307 2,253,452 2,124,379 1,600,813 1,489,755 1,694,545 1,807,938 1,451,676 1,333,013 1,171,584
Less: Current liabilities 1,839,630 1,803,533 1,468,651 1,383,571 1,631,261 1,448,114 1,386,370 1,256,771 1,492,198 1,322,835 1,207,210 1,206,891 1,405,334 1,118,020 981,354 964,814 883,178 730,878 763,309 631,496 620,418 574,769 552,609 502,942
Working capital 2,140,672 1,801,756 2,103,093 2,384,516 2,429,316 1,916,785 1,937,563 1,796,531 1,667,255 1,311,346 1,179,884 1,096,349 1,209,519 1,193,274 1,293,953 1,288,638 1,241,201 869,935 726,446 1,063,049 1,187,520 876,907 780,404 668,642
 
Net revenue 3,611,497 2,396,660 2,371,078 2,208,891 3,205,103 2,204,218 2,209,165 2,000,792 2,771,838 1,856,889 1,868,328 1,613,463 2,129,113 1,450,421 1,450,618 1,226,465 1,729,549 1,117,426 902,942 651,962 1,397,491 916,138 883,352 782,315
Short-term Activity Ratio
Working capital turnover1 4.95 5.65 4.75 4.12 3.96 4.79 4.56 4.73 4.86 5.69 5.98 6.06 5.17 4.91 4.27 3.86 3.55 4.68 5.33 3.62 3.35
Benchmarks
Working Capital Turnover, Competitors2
Nike Inc. 3.57 3.47 3.47 3.28 3.30 3.26 3.21 3.07 2.85 2.63 2.67 2.58 2.53 2.55 2.68 2.44 2.60 2.80 3.05 5.53 5.03 4.88

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Working capital turnover = (Net revenueQ4 2025 + Net revenueQ3 2025 + Net revenueQ2 2025 + Net revenueQ1 2025) ÷ Working capital
= (3,611,497 + 2,396,660 + 2,371,078 + 2,208,891) ÷ 2,140,672 = 4.95

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. lululemon athletica inc. working capital turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025 not reaching Q2 2025 level.

Average Inventory Processing Period

lululemon athletica inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data
Inventory turnover 2.99 2.33 2.90 3.04 3.03 2.38 2.30 2.36 2.50 1.88 2.10 2.25 2.74 2.62 2.96 2.93 2.99 2.34 2.57 2.74 3.39
Short-term Activity Ratio (no. days)
Average inventory processing period1 122 157 126 120 120 154 159 155 146 195 174 162 133 139 123 125 122 156 142 133 108
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Nike Inc. 107 109 96 98 101 109 107 114 125 137 122 112 95 97 102 112 102 115 127 93 101 97

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.99 = 122

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. lululemon athletica inc. number of days of inventory outstanding deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Average Receivable Collection Period

lululemon athletica inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data
Receivables turnover 88.11 70.99 79.20 77.78 77.10 85.85 83.21 79.07 61.02 77.64 86.34 84.75 81.25 77.74 98.38 87.37 70.54 68.09 79.08 79.06 98.94
Short-term Activity Ratio (no. days)
Average receivable collection period1 4 5 5 5 5 4 4 5 6 5 4 4 4 5 4 4 5 5 5 5 4
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Nike Inc. 40 35 31 32 34 34 29 33 40 38 36 30 30 34 37 35 35 37 27 40 43 43

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 88.11 = 4

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

lululemon athletica inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data
Average inventory processing period 122 157 126 120 120 154 159 155 146 195 174 162 133 139 123 125 122 156 142 133 108
Average receivable collection period 4 5 5 5 5 4 4 5 6 5 4 4 4 5 4 4 5 5 5 5 4
Short-term Activity Ratio
Operating cycle1 126 162 131 125 125 158 163 160 152 200 178 166 137 144 127 129 127 161 147 138 112
Benchmarks
Operating Cycle, Competitors2
Nike Inc. 147 144 127 130 135 143 136 147 165 175 158 142 125 131 139 147 137 152 154 133 144 140

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 122 + 4 = 126

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. lululemon athletica inc. operating cycle deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Average Payables Payment Period

lululemon athletica inc., average payables payment period calculation (quarterly data)

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data
Payables turnover 15.91 10.85 13.05 15.65 11.51 12.78 12.79 12.96 20.95 10.86 11.81 9.30 9.14 10.89 11.50 10.90 11.25 11.24 14.08 21.70 21.95
Short-term Activity Ratio (no. days)
Average payables payment period1 23 34 28 23 32 29 29 28 17 34 31 39 40 34 32 33 32 32 26 17 17
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Nike Inc. 44 44 37 30 34 34 36 34 38 48 49 40 41 31 42 38 36 34 39 36 43 45

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 15.91 = 23

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. lululemon athletica inc. number of days of payables outstanding increased from Q2 2025 to Q3 2025 but then decreased significantly from Q3 2025 to Q4 2025.

Cash Conversion Cycle

lululemon athletica inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Feb 2, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019
Selected Financial Data
Average inventory processing period 122 157 126 120 120 154 159 155 146 195 174 162 133 139 123 125 122 156 142 133 108
Average receivable collection period 4 5 5 5 5 4 4 5 6 5 4 4 4 5 4 4 5 5 5 5 4
Average payables payment period 23 34 28 23 32 29 29 28 17 34 31 39 40 34 32 33 32 32 26 17 17
Short-term Activity Ratio
Cash conversion cycle1 103 128 103 102 93 129 134 132 135 166 147 127 97 110 95 96 95 129 121 121 95
Benchmarks
Cash Conversion Cycle, Competitors2
Nike Inc. 103 100 90 100 101 109 100 113 127 127 109 102 84 100 97 109 101 118 115 97 101 95

Based on: 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).

1 Q4 2025 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 122 + 423 = 103

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.