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 25, 2022.

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 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
Turnover Ratios
Inventory turnover 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 2.63 2.97 3.11 3.29
Receivables turnover 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 66.65 78.66 80.97 54.77
Payables turnover 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 7.92 10.84 10.22 11.97
Working capital turnover 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 5.93 5.20 4.68 4.82
Average No. Days
Average inventory processing period 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106 139 123 117 111
Add: Average receivable collection period 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6 5 5 5 7
Operating cycle 114 113 114 148 117 117 112 131 122 114 107 134 112 109 110 135 116 112 112 144 128 122 118
Less: Average payables payment period 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31 46 34 36 30
Cash conversion cycle 76 74 76 93 76 72 71 90 88 76 75 87 76 75 76 85 79 77 81 98 94 86 88

Based on: 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. Ulta Beauty Inc. inventory turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Receivables turnover An activity ratio equal to revenue divided by receivables. Ulta Beauty Inc. receivables turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Ulta Beauty Inc. payables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Ulta Beauty Inc. working capital turnover ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 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. Ulta Beauty Inc. number of days of inventory outstanding deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Ulta Beauty Inc. number of days of receivables outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
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.
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

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

Microsoft Excel
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 sales 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 1,035,666 704,179 684,377 683,286
Merchandise inventories, net 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 1,048,431 943,975 1,137,023 930,205 843,490
Short-term Activity Ratio
Inventory turnover1 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 2.63 2.97 3.11 3.29
Benchmarks
Inventory Turnover, Competitors2
Amazon.com Inc. 7.80 7.30 7.90 8.34 8.69 10.90 10.54 9.80 8.76 9.81 9.33 8.08 8.33 7.97 8.66 8.10 8.38 8.59 8.69 6.98
Home Depot Inc. 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 4.70 4.88 4.65 5.22 4.87 4.98 4.63 4.96
Lowe’s Cos. Inc. 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 3.88 3.95 3.47 3.97 3.65 3.91 3.57 4.07
Target Corp. 5.19 5.09 5.39 4.86 6.22 6.49 6.21 4.94 6.78 6.65 6.10 4.80 5.95 5.95 5.61 4.30 5.75 5.97 5.91 4.66 5.95 6.11 5.88

Based on: 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 Q2 2023 Calculation
Inventory turnover = (Cost of salesQ2 2023 + Cost of salesQ1 2023 + Cost of salesQ4 2022 + Cost of salesQ3 2022) ÷ Merchandise inventories, net
= (1,368,949 + 1,404,875 + 1,702,059 + 1,206,301) ÷ 1,666,130 = 3.41

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 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Receivables Turnover

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

Microsoft Excel
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)
Net sales 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 1,580,574 1,131,232 1,069,215 1,073,716
Receivables, net 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 88,631 65,708 55,998 54,112
Short-term Activity Ratio
Receivables turnover1 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 66.65 78.66 80.97 54.77
Benchmarks
Receivables Turnover, Competitors2
Booking Holdings Inc. 7.01 6.51 7.77 8.07 5.93 5.57 9.64 12.85 10.36 19.96 21.76 8.97 8.36 7.48 9.68 9.54 8.21 7.99 8.62 10.41
Home Depot Inc. 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 48.64 48.21 44.41 51.69 45.81 44.52 44.23 46.62

Based on: 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 Q2 2023 Calculation
Receivables turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Receivables, net
= (2,297,113 + 2,345,901 + 2,729,388 + 1,995,775) ÷ 180,514 = 51.90

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 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Payables Turnover

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

Microsoft Excel
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 sales 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 1,035,666 704,179 684,377 683,286
Accounts payable 586,851 585,500 552,730 747,451 535,257 552,837 477,052 478,501 398,011 466,043 414,009 594,993 450,117 407,345 404,016 574,480 409,849 372,664 325,758 447,293 313,483 319,352 259,518 425,071 285,238 266,278
Short-term Activity Ratio
Payables turnover1 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 7.92 10.84 10.22 11.97
Benchmarks
Payables Turnover, Competitors2
Amazon.com Inc. 4.22 3.91 4.03 3.46 3.76 3.98 3.93 3.22 3.57 3.77 4.39 3.51 4.37 4.11 4.47 3.64 4.30 4.61 4.78 3.23
Booking Holdings Inc. 7.52 6.54 8.32 6.91 6.29 6.98 9.91 9.25 7.99 19.44 15.68 12.16 11.72 11.42 15.46 12.81 12.02 13.01 15.68 19.00
Home Depot Inc. 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 7.66 7.29 6.90 9.19 7.63 7.51 6.90 8.90
Lowe’s Cos. Inc. 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 5.16 5.22 4.53 6.86 5.09 5.15 4.41 6.40
Target Corp. 5.34 5.46 4.84 4.47 5.54 5.88 5.15 4.42 5.61 5.94 5.53 4.86 5.93 6.45 5.46 4.45 5.75 6.35 5.89 4.94 6.48 7.47 6.74

Based on: 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 Q2 2023 Calculation
Payables turnover = (Cost of salesQ2 2023 + Cost of salesQ1 2023 + Cost of salesQ4 2022 + Cost of salesQ3 2022) ÷ Accounts payable
= (1,368,949 + 1,404,875 + 1,702,059 + 1,206,301) ÷ 586,851 = 9.68

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 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Working Capital Turnover

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

Microsoft Excel
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 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 1,536,237 1,538,465 1,376,082 1,338,417
Less: Current liabilities 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 1,045,605 823,736 984,083 758,755 745,092 642,166 714,712 570,277 584,252 529,343 654,640 492,245 495,734
Working capital 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 1,006,894 883,825 883,837 842,683
 
Net sales 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 1,580,574 1,131,232 1,069,215 1,073,716
Short-term Activity Ratio
Working capital turnover1 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 5.93 5.20 4.68 4.82
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 38.37 35.44 42.11 34.71 48.44 56.56 69.39 76.87
Booking Holdings Inc. 4.14 3.16 2.32 1.59 1.07 1.02 0.74 0.77 1.03 1.50 2.83 3.37 3.30 4.02 9.62 2.99 2.55 2.85 2.61 2.29
Home Depot Inc. 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 65.46 43.91 33.09 36.84 26.96 20.77 27.68 26.34
Lowe’s Cos. Inc. 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 1,031.26 78.17 266.87 101.51 254.28 166.37 112.95 2,500.65
Target Corp. 122.42 72.70 146.43 91.95 48.30 389.66

Based on: 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 Q2 2023 Calculation
Working capital turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Working capital
= (2,297,113 + 2,345,901 + 2,729,388 + 1,995,775) ÷ 940,859 = 9.96

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 deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023.

Average Inventory Processing Period

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

Microsoft Excel
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 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 2.63 2.97 3.11 3.29
Short-term Activity Ratio (no. days)
Average inventory processing period1 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106 139 123 117 111
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Amazon.com Inc. 47 50 46 44 42 33 35 37 42 37 39 45 44 46 42 45 44 42 42 52
Home Depot Inc. 92 91 80 77 72 75 70 71 63 74 73 78 74 78 72 78 75 78 70 75 73 79 74
Lowe’s Cos. Inc. 111 116 100 96 100 106 98 100 94 104 98 102 102 112 95 94 92 105 92 100 93 102 90
Target Corp. 70 72 68 75 59 56 59 74 54 55 60 76 61 61 65 85 63 61 62 78 61 60 62

Based on: 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 Q2 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.41 = 107

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 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Average Receivable Collection Period

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

Microsoft Excel
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 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 66.65 78.66 80.97 54.77
Short-term Activity Ratio (no. days)
Average receivable collection period1 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6 5 5 5 7
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Booking Holdings Inc. 52 56 47 45 62 66 38 28 35 18 17 41 44 49 38 38 44 46 42 35
Home Depot Inc. 9 9 8 9 8 9 8 8 8 8 7 7 8 8 7 8 8 8 7 8 8 8 8

Based on: 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 Q2 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 51.90 = 7

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. Ulta Beauty Inc. number of days of receivables outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Operating Cycle

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

No. days

Microsoft Excel
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 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106 139 123 117 111
Average receivable collection period 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6 5 5 5 7
Short-term Activity Ratio
Operating cycle1 114 113 114 148 117 117 112 131 122 114 107 134 112 109 110 135 116 112 112 144 128 122 118
Benchmarks
Operating Cycle, Competitors2
Home Depot Inc. 101 100 88 86 80 84 78 79 71 82 80 85 82 86 79 86 83 86 77 83 81 87 82

Based on: 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 Q2 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 107 + 7 = 114

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 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 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 7.92 10.84 10.22 11.97
Short-term Activity Ratio (no. days)
Average payables payment period1 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31 46 34 36 30
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Amazon.com Inc. 86 93 91 105 97 92 93 113 102 97 83 104 84 89 82 100 85 79 76 113
Booking Holdings Inc. 49 56 44 53 58 52 37 39 46 19 23 30 31 32 24 28 30 28 23 19
Home Depot Inc. 51 55 49 50 49 57 49 57 54 50 39 46 48 52 40 48 50 53 40 48 49 53 41
Lowe’s Cos. Inc. 72 79 65 65 69 81 66 81 87 79 57 66 70 86 62 71 70 81 53 72 71 83 57
Target Corp. 68 67 75 82 66 62 71 83 65 61 66 75 62 57 67 82 63 57 62 74 56 49 54

Based on: 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 Q2 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 9.68 = 38

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.

Cash Conversion Cycle

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

No. days

Microsoft Excel
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 107 105 104 140 110 109 101 123 115 109 100 128 106 103 103 129 110 106 106 139 123 117 111
Average receivable collection period 7 8 10 8 7 8 11 8 7 5 7 6 6 6 7 6 6 6 6 5 5 5 7
Average payables payment period 38 39 38 55 41 45 41 41 34 38 32 47 36 34 34 50 37 35 31 46 34 36 30
Short-term Activity Ratio
Cash conversion cycle1 76 74 76 93 76 72 71 90 88 76 75 87 76 75 76 85 79 77 81 98 94 86 88
Benchmarks
Cash Conversion Cycle, Competitors2
Home Depot Inc. 50 45 39 36 31 27 29 22 17 32 41 39 34 34 39 38 33 33 37 35 32 34 41

Based on: 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 Q2 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 107 + 738 = 76

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.