Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

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

Microsoft Excel

Short-term Activity Ratios (Summary)

Ulta Beauty Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Turnover Ratios
Inventory turnover 3.58 3.62 3.84 2.77 3.41 3.49 3.51 2.60 3.32 3.34 3.60 2.97 3.16 3.35 3.65 2.85 3.44 3.54 3.55 2.83 3.33 3.46 3.45
Receivables turnover 61.51 55.17 51.19 48.48 51.90 46.89 36.93 47.87 49.58 44.82 31.86 45.93 49.92 76.99 53.09 63.93 66.14 62.85 49.33 63.79 60.88 60.97 59.01
Payables turnover 12.48 10.20 11.02 9.04 9.68 9.36 9.52 6.67 8.95 8.17 8.81 8.93 10.87 9.63 11.39 7.73 10.07 10.86 10.66 7.32 9.92 10.55 11.63
Working capital turnover 10.44 9.98 9.94 9.27 9.96 9.70 11.93 6.70 6.88 6.64 5.25 6.17 3.68 4.18 8.06 8.59 8.29 7.10 6.16 6.27 5.89 5.78 5.60
Average No. Days
Average inventory processing period 102 101 95 132 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106
Add: Average receivable collection period 6 7 7 8 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6
Operating cycle 108 108 102 140 114 113 114 148 117 117 112 131 122 114 107 134 112 109 110 135 116 112 112
Less: Average payables payment period 29 36 33 40 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31
Cash conversion cycle 79 72 69 100 76 74 76 93 76 72 71 90 88 76 75 87 76 75 76 85 79 77 81

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Ulta Beauty Inc. inventory turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Ulta Beauty Inc. receivables turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Ulta Beauty Inc. payables turnover ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Ulta Beauty Inc. working capital turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

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. Ulta Beauty Inc. number of days of inventory outstanding deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
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.
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. Ulta Beauty Inc. number of days of payables outstanding increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.
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. Ulta Beauty Inc. cash conversion cycle deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Inventory Turnover

Ulta Beauty Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data (US$ in thousands)
Cost of sales 1,536,197 1,579,406 2,014,270 1,375,976 1,368,949 1,404,875 1,702,059 1,206,301 1,169,244 1,184,731 1,427,673 1,006,514 899,002 869,605 1,499,033 1,059,081 1,060,708 1,098,182 1,383,857 987,733 952,760 982,954 1,279,245 849,053 820,528 838,871
Merchandise inventories, net 1,815,539 1,751,235 1,603,451 2,114,669 1,666,130 1,570,552 1,499,218 1,916,343 1,443,685 1,353,565 1,168,215 1,439,098 1,368,543 1,340,566 1,293,701 1,616,920 1,315,999 1,250,037 1,214,329 1,484,565 1,219,685 1,136,816 1,096,424 1,349,714 1,144,702 1,048,431
Short-term Activity Ratio
Inventory turnover1 3.58 3.62 3.84 2.77 3.41 3.49 3.51 2.60 3.32 3.34 3.60 2.97 3.16 3.35 3.65 2.85 3.44 3.54 3.55 2.83 3.33 3.46 3.45
Benchmarks
Inventory Turnover, Competitors2
Amazon.com Inc. 9.15 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. 4.43 4.08 4.20 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. 3.57 3.28 3.50 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. 5.56 5.64 6.21 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 4.99 5.96 5.98 6.09

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Inventory turnover = (Cost of salesQ2 2024 + Cost of salesQ1 2024 + Cost of salesQ4 2023 + Cost of salesQ3 2023) ÷ Merchandise inventories, net
= (1,536,197 + 1,579,406 + 2,014,270 + 1,375,976) ÷ 1,815,539 = 3.58

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. Ulta Beauty Inc. inventory turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Receivables Turnover

Ulta Beauty Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data (US$ in thousands)
Net sales 2,529,809 2,634,263 3,226,773 2,338,793 2,297,113 2,345,901 2,729,388 1,995,775 1,967,207 1,938,519 2,198,701 1,552,033 1,228,009 1,173,210 2,305,918 1,682,514 1,666,607 1,743,029 2,124,716 1,560,011 1,488,221 1,543,667 1,937,592 1,342,181 1,289,854 1,314,879
Receivables, net 174,444 190,282 199,422 200,304 180,514 192,754 233,682 169,212 154,416 154,342 193,109 136,271 127,992 88,691 139,337 112,888 107,263 110,046 136,168 102,353 103,666 100,274 99,719 82,934 67,593 62,936
Short-term Activity Ratio
Receivables turnover1 61.51 55.17 51.19 48.48 51.90 46.89 36.93 47.87 49.58 44.82 31.86 45.93 49.92 76.99 53.09 63.93 66.14 62.85 49.33 63.79 60.88 60.97 59.01
Benchmarks
Receivables Turnover, Competitors2
Home Depot Inc. 40.37 36.97 47.45 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. 93.48 85.71 88.70 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 92.44 105.97 99.83 109.62

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Receivables turnover = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Receivables, net
= (2,529,809 + 2,634,263 + 3,226,773 + 2,338,793) ÷ 174,444 = 61.51

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. Ulta Beauty Inc. receivables turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Payables Turnover

Ulta Beauty Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data (US$ in thousands)
Cost of sales 1,536,197 1,579,406 2,014,270 1,375,976 1,368,949 1,404,875 1,702,059 1,206,301 1,169,244 1,184,731 1,427,673 1,006,514 899,002 869,605 1,499,033 1,059,081 1,060,708 1,098,182 1,383,857 987,733 952,760 982,954 1,279,245 849,053 820,528 838,871
Accounts payable 521,315 621,272 559,527 647,117 586,851 585,500 552,730 747,451 535,257 552,837 477,052 478,501 398,011 466,043 414,009 594,993 450,117 407,345 404,016 574,480 409,849 372,664 325,758 447,293 313,483 319,352
Short-term Activity Ratio
Payables turnover1 12.48 10.20 11.02 9.04 9.68 9.36 9.52 6.67 8.95 8.17 8.81 8.93 10.87 9.63 11.39 7.73 10.07 10.86 10.66 7.32 9.92 10.55 11.63
Benchmarks
Payables Turnover, Competitors2
Amazon.com Inc. 3.59 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. 8.51 8.20 9.14 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. 6.02 5.39 6.16 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. 8.26 8.43 9.53 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 8.28 9.99 10.42 10.25

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Payables turnover = (Cost of salesQ2 2024 + Cost of salesQ1 2024 + Cost of salesQ4 2023 + Cost of salesQ3 2023) ÷ Accounts payable
= (1,536,197 + 1,579,406 + 2,014,270 + 1,375,976) ÷ 521,315 = 12.48

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. Ulta Beauty Inc. payables turnover ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Working Capital Turnover

Ulta Beauty Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data (US$ in thousands)
Current assets 2,519,248 2,685,980 2,709,304 2,745,815 2,442,913 2,531,867 2,281,183 2,833,693 2,494,934 2,563,756 2,514,777 2,245,009 2,799,188 2,728,820 2,055,317 2,097,468 1,920,600 2,019,332 1,914,861 2,025,973 1,830,158 1,802,699 1,693,743 1,646,288 1,592,494 1,672,972
Less: Current liabilities 1,491,174 1,633,900 1,681,775 1,697,771 1,502,054 1,599,747 1,558,010 1,624,116 1,381,533 1,522,763 1,343,713 1,230,343 1,061,329 1,096,179 1,137,261 1,256,920 1,064,934 1,045,605 823,736 984,083 758,755 745,092 642,166 714,712 570,277 584,252
Working capital 1,028,074 1,052,080 1,027,529 1,048,044 940,859 932,120 723,173 1,209,577 1,113,401 1,040,993 1,171,064 1,014,666 1,737,859 1,632,641 918,056 840,548 855,666 973,727 1,091,125 1,041,890 1,071,403 1,057,607 1,051,577 931,576 1,022,217 1,088,720
 
Net sales 2,529,809 2,634,263 3,226,773 2,338,793 2,297,113 2,345,901 2,729,388 1,995,775 1,967,207 1,938,519 2,198,701 1,552,033 1,228,009 1,173,210 2,305,918 1,682,514 1,666,607 1,743,029 2,124,716 1,560,011 1,488,221 1,543,667 1,937,592 1,342,181 1,289,854 1,314,879
Short-term Activity Ratio
Working capital turnover1 10.44 9.98 9.94 9.27 9.96 9.70 11.93 6.70 6.88 6.64 5.25 6.17 3.68 4.18 8.06 8.59 8.29 7.10 6.16 6.27 5.89 5.78 5.60
Benchmarks
Working Capital Turnover, Competitors2
Amazon.com Inc. 77.32 24.33 31.50 19.23 69.81 60.82 31.47 18.92 47.22 32.92
Home Depot Inc. 20.37 22.32 16.81 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. 20.16 20.34 50.26 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. 25.35 24.41 23.22 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 11.75 11.43 10.67 10.67

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Working capital turnover = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Working capital
= (2,529,809 + 2,634,263 + 3,226,773 + 2,338,793) ÷ 1,028,074 = 10.44

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. Ulta Beauty Inc. working capital turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Average Inventory Processing Period

Ulta Beauty Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data
Inventory turnover 3.58 3.62 3.84 2.77 3.41 3.49 3.51 2.60 3.32 3.34 3.60 2.97 3.16 3.35 3.65 2.85 3.44 3.54 3.55 2.83 3.33 3.46 3.45
Short-term Activity Ratio (no. days)
Average inventory processing period1 102 101 95 132 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Amazon.com Inc. 40 43 46 43 43 47 50 46 44 42 33 35 37 42 37 39 45
Home Depot Inc. 82 89 87 90 92 91 80 77 72 75 70 71 63 74 73 78 74 78 72
Lowe’s Cos. Inc. 102 111 104 113 111 116 100 96 100 106 98 100 94 104 98 102 102 112 95
TJX Cos. Inc. 66 65 59 86 72 72 63 74 60 68 65 72 53 65 60 79 65 65 60 73 61 61 60

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.58 = 102

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. Ulta Beauty Inc. number of days of inventory outstanding deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Average Receivable Collection Period

Ulta Beauty Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data
Receivables turnover 61.51 55.17 51.19 48.48 51.90 46.89 36.93 47.87 49.58 44.82 31.86 45.93 49.92 76.99 53.09 63.93 66.14 62.85 49.33 63.79 60.88 60.97 59.01
Short-term Activity Ratio (no. days)
Average receivable collection period1 6 7 7 8 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Home Depot Inc. 9 10 8 9 9 9 8 9 8 9 8 8 8 8 7 7 8 8 7
TJX Cos. Inc. 4 4 4 4 4 4 4 5 5 6 5 5 5 2 3 4 3 4 3 4 3 4 3

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 61.51 = 6

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

Ulta Beauty Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data
Average inventory processing period 102 101 95 132 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106
Average receivable collection period 6 7 7 8 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6
Short-term Activity Ratio
Operating cycle1 108 108 102 140 114 113 114 148 117 117 112 131 122 114 107 134 112 109 110 135 116 112 112
Benchmarks
Operating Cycle, Competitors2
Home Depot Inc. 91 99 95 99 101 100 88 86 80 84 78 79 71 82 80 85 82 86 79
TJX Cos. Inc. 70 69 63 90 76 76 67 79 65 74 70 77 58 67 63 83 68 69 63 77 64 65 63

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 102 + 6 = 108

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.

Average Payables Payment Period

Ulta Beauty Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data
Payables turnover 12.48 10.20 11.02 9.04 9.68 9.36 9.52 6.67 8.95 8.17 8.81 8.93 10.87 9.63 11.39 7.73 10.07 10.86 10.66 7.32 9.92 10.55 11.63
Short-term Activity Ratio (no. days)
Average payables payment period1 29 36 33 40 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Amazon.com Inc. 102 88 87 84 101 86 93 91 105 97 92 93 113 102 97 83 104
Home Depot Inc. 43 45 40 43 51 55 49 50 49 57 49 57 54 50 39 46 48 52 40
Lowe’s Cos. Inc. 61 68 59 70 72 79 65 65 69 81 66 81 87 79 57 66 70 86 62
TJX Cos. Inc. 44 43 38 51 42 45 47 61 52 59 72 88 34 14 33 43 33 33 35 44 37 35 36

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 12.48 = 29

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. Ulta Beauty Inc. number of days of payables outstanding increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.

Cash Conversion Cycle

Ulta Beauty Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 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
Selected Financial Data
Average inventory processing period 102 101 95 132 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106
Average receivable collection period 6 7 7 8 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6
Average payables payment period 29 36 33 40 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31
Short-term Activity Ratio
Cash conversion cycle1 79 72 69 100 76 74 76 93 76 72 71 90 88 76 75 87 76 75 76 85 79 77 81
Benchmarks
Cash Conversion Cycle, Competitors2
Home Depot Inc. 48 54 55 56 50 45 39 36 31 27 29 22 17 32 41 39 34 34 39
TJX Cos. Inc. 26 26 25 39 34 31 20 18 13 15 -2 -11 24 53 30 40 35 36 28 33 27 30 27

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 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).

1 Q2 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 102 + 629 = 79

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. Ulta Beauty Inc. cash conversion cycle deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.