Stock Analysis on Net
Stock Analysis on Net

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

This company was transferred to the archive: financial data is no longer updated!

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

Beginner level

Short-term Activity Ratios (Summary)

Walgreens Boots Alliance Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Turnover Ratios
Inventory turnover 11.53 11.32 10.22 11.44 10.73 10.34 9.43 10.53 9.88 9.12 9.10 10.01 10.11 9.41 8.69 9.77 9.77 9.58 8.49 8.82 7.87 6.57 8.58 9.02
Receivables turnover 19.87 18.32 18.48 18.94 18.84 17.39 18.84 20.01 17.91 17.03 17.56 18.11 18.41 20.46 19.03 18.75 18.01 17.31 16.56 15.10 13.62 12.05 21.69 23.74
Payables turnover 7.86 7.30 6.99 7.45 7.50 7.34 7.06 7.43 7.46 7.08 6.71 7.13 7.61 7.71 7.67 7.95 8.44 8.76 7.88 7.59 6.95 5.99 10.77 12.71
Working capital turnover 98.02 18.12 11.81 13.07 13.23 30.05 28.38 33.64 33.37 19.29 21.01 5.79 22.82
Average No. Days
Average inventory processing period 32 32 36 32 34 35 39 35 37 40 40 36 36 39 42 37 37 38 43 41 46 56 43 40
Add: Average receivable collection period 18 20 20 19 19 21 19 18 20 21 21 20 20 18 19 19 20 21 22 24 27 30 17 15
Operating cycle 50 52 56 51 53 56 58 53 57 61 61 56 56 57 61 56 57 59 65 65 73 86 60 55
Less: Average payables payment period 46 50 52 49 49 50 52 49 49 52 54 51 48 47 48 46 43 42 46 48 53 61 34 29
Cash conversion cycle 4 2 4 2 4 6 6 4 8 9 7 5 8 10 13 10 14 17 19 17 20 25 26 26

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Walgreens Boots Alliance Inc.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Walgreens Boots Alliance Inc.’s receivables turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Walgreens Boots Alliance Inc.’s payables turnover ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital.

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.
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. Walgreens Boots Alliance Inc.’s operating cycle improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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. Walgreens Boots Alliance Inc.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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

Walgreens Boots Alliance Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data (US$ in millions)
Cost of sales 28,193  28,307  27,076  26,726  27,138  26,774  26,152  25,867  26,554  24,925  23,399  22,809  22,973  21,885  21,385  21,481  22,065  22,317  21,614  21,257  21,314  19,691  14,258  13,730  13,961  13,955  13,177 
Inventories 9,563  9,652  10,536  9,333  9,874  10,188  10,976  9,565  9,889  10,316  10,010  8,899  8,681  9,230  10,039  8,956  8,931  9,025  9,884  8,678  8,764  9,379  6,518  6,076  6,439  7,213  7,729 
Short-term Activity Ratio
Inventory turnover1 11.53 11.32 10.22 11.44 10.73 10.34 9.43 10.53 9.88 9.12 9.10 10.01 10.11 9.41 8.69 9.77 9.77 9.58 8.49 8.82 7.87 6.57 8.58 9.02
Benchmarks
Inventory Turnover, Competitors2
CVS Health Corp. 13.03 12.68 12.06 12.53 12.09 11.32 9.91 10.71 10.58 10.60 10.21 10.89 10.66 10.49 10.07 10.05 9.81 9.56 9.05

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Inventory turnover = (Cost of salesQ3 2020 + Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019) ÷ Inventories
= (28,193 + 28,307 + 27,076 + 26,726) ÷ 9,563 = 11.53

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. Walgreens Boots Alliance Inc.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Receivables Turnover

Walgreens Boots Alliance Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data (US$ in millions)
Sales 34,631  35,820  34,339  33,954  34,591  34,528  33,793  33,442  34,334  33,021  30,740  30,149  30,118  29,446  28,501  28,636  29,498  30,184  29,033  28,522  28,795  26,573  19,554  19,057  19,401  19,605  18,329 
Accounts receivable, net 6,982  7,572  7,435  7,226  7,239  7,828  7,144  6,573  7,159  7,281  6,858  6,528  6,339  5,674  6,138  6,260  6,508  6,733  6,821  6,849  6,899  7,017  3,579  3,218  3,029  2,774  2,727 
Short-term Activity Ratio
Receivables turnover1 19.87 18.32 18.48 18.94 18.84 17.39 18.84 20.01 17.91 17.03 17.56 18.11 18.41 20.46 19.03 18.75 18.01 17.31 16.56 15.10 13.62 12.05 21.69 23.74
Benchmarks
Receivables Turnover, Competitors2
CVS Health Corp. 11.68 11.33 13.04 12.30 12.44 10.74 11.00 12.67 13.21 13.32 14.02 14.66 14.73 14.76 14.59 12.68 12.65 12.30 12.89

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Receivables turnover = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ Accounts receivable, net
= (34,631 + 35,820 + 34,339 + 33,954) ÷ 6,982 = 19.87

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. Walgreens Boots Alliance Inc.’s receivables turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Payables Turnover

Walgreens Boots Alliance Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data (US$ in millions)
Cost of sales 28,193  28,307  27,076  26,726  27,138  26,774  26,152  25,867  26,554  24,925  23,399  22,809  22,973  21,885  21,385  21,481  22,065  22,317  21,614  21,257  21,314  19,691  14,258  13,730  13,961  13,955  13,177 
Trade accounts payable 14,033  14,968  15,401  14,341  14,130  14,348  14,660  13,566  13,089  13,301  13,570  12,494  11,528  11,264  11,372  11,000  10,337  9,873  10,643  10,088  9,932  10,293  5,189  4,315  4,235  4,488  4,762 
Short-term Activity Ratio
Payables turnover1 7.86 7.30 6.99 7.45 7.50 7.34 7.06 7.43 7.46 7.08 6.71 7.13 7.61 7.71 7.67 7.95 8.44 8.76 7.88 7.59 6.95 5.99 10.77 12.71
Benchmarks
Payables Turnover, Competitors2
CVS Health Corp. 21.70 21.06 20.13 21.27 20.47 21.10 18.27 18.01 18.42 20.30 17.63 19.51 19.33 20.44 18.71 19.01 18.91 18.08 16.92

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Payables turnover = (Cost of salesQ3 2020 + Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019) ÷ Trade accounts payable
= (28,193 + 28,307 + 27,076 + 26,726) ÷ 14,033 = 7.86

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. Walgreens Boots Alliance Inc.’s payables turnover ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Working Capital Turnover

Walgreens Boots Alliance Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data (US$ in millions)
Current assets 18,326  18,909  19,604  18,700  19,021  19,851  20,083  17,846  19,988  20,358  19,681  19,753  28,152  27,509  26,668  25,883  19,713  20,378  20,231  19,657  21,029  20,715  23,280  12,242  11,928  12,036  11,722 
Less: Current liabilities 26,649  28,662  29,494  25,769  25,060  25,303  25,099  21,667  21,482  22,559  20,517  18,547  21,713  17,678  17,729  17,013  15,811  16,272  16,874  16,557  16,157  16,690  9,877  8,895  8,409  8,499  8,821 
Working capital (8,323) (9,753) (9,890) (7,069) (6,039) (5,452) (5,016) (3,821) (1,494) (2,201) (836) 1,206  6,439  9,831  8,939  8,870  3,902  4,106  3,357  3,100  4,872  4,025  13,403  3,347  3,519  3,537  2,901 
 
Sales 34,631  35,820  34,339  33,954  34,591  34,528  33,793  33,442  34,334  33,021  30,740  30,149  30,118  29,446  28,501  28,636  29,498  30,184  29,033  28,522  28,795  26,573  19,554  19,057  19,401  19,605  18,329 
Short-term Activity Ratio
Working capital turnover1 98.02 18.12 11.81 13.07 13.23 30.05 28.38 33.64 33.37 19.29 21.01 5.79 22.82
Benchmarks
Working Capital Turnover, Competitors2
CVS Health Corp. 157.15 4.42 4.42 4.48 318.01 129.33 70.98 82.45 37.05 41.14 57.91 32.85 21.26

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Working capital turnover = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ Working capital
= (34,631 + 35,820 + 34,339 + 33,954) ÷ -8,323 =

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.

Average Inventory Processing Period

Walgreens Boots Alliance Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data
Inventory turnover 11.53 11.32 10.22 11.44 10.73 10.34 9.43 10.53 9.88 9.12 9.10 10.01 10.11 9.41 8.69 9.77 9.77 9.58 8.49 8.82 7.87 6.57 8.58 9.02
Short-term Activity Ratio (no. days)
Average inventory processing period1 32 32 36 32 34 35 39 35 37 40 40 36 36 39 42 37 37 38 43 41 46 56 43 40
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
CVS Health Corp. 28 29 30 29 30 32 37 34 34 34 36 34 34 35 36 36 37 38 40

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 11.53 = 32

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.

Average Receivable Collection Period

Walgreens Boots Alliance Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data
Receivables turnover 19.87 18.32 18.48 18.94 18.84 17.39 18.84 20.01 17.91 17.03 17.56 18.11 18.41 20.46 19.03 18.75 18.01 17.31 16.56 15.10 13.62 12.05 21.69 23.74
Short-term Activity Ratio (no. days)
Average receivable collection period1 18 20 20 19 19 21 19 18 20 21 21 20 20 18 19 19 20 21 22 24 27 30 17 15
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
CVS Health Corp. 31 32 28 30 29 34 33 29 28 27 26 25 25 25 25 29 29 30 28

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 19.87 = 18

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

Walgreens Boots Alliance Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data
Average inventory processing period 32 32 36 32 34 35 39 35 37 40 40 36 36 39 42 37 37 38 43 41 46 56 43 40
Average receivable collection period 18 20 20 19 19 21 19 18 20 21 21 20 20 18 19 19 20 21 22 24 27 30 17 15
Short-term Activity Ratio
Operating cycle1 50 52 56 51 53 56 58 53 57 61 61 56 56 57 61 56 57 59 65 65 73 86 60 55
Benchmarks
Operating Cycle, Competitors2
CVS Health Corp. 59 61 58 59 59 66 70 63 62 61 62 59 59 60 61 65 66 68 68

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 32 + 18 = 50

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. Walgreens Boots Alliance Inc.’s operating cycle improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Average Payables Payment Period

Walgreens Boots Alliance Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data
Payables turnover 7.86 7.30 6.99 7.45 7.50 7.34 7.06 7.43 7.46 7.08 6.71 7.13 7.61 7.71 7.67 7.95 8.44 8.76 7.88 7.59 6.95 5.99 10.77 12.71
Short-term Activity Ratio (no. days)
Average payables payment period1 46 50 52 49 49 50 52 49 49 52 54 51 48 47 48 46 43 42 46 48 53 61 34 29
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
CVS Health Corp. 17 17 18 17 18 17 20 20 20 18 21 19 19 18 20 19 19 20 22

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.86 = 46

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. Walgreens Boots Alliance Inc.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Cash Conversion Cycle

Walgreens Boots Alliance Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014 May 31, 2014 Feb 28, 2014 Nov 30, 2013
Selected Financial Data
Average inventory processing period 32 32 36 32 34 35 39 35 37 40 40 36 36 39 42 37 37 38 43 41 46 56 43 40
Average receivable collection period 18 20 20 19 19 21 19 18 20 21 21 20 20 18 19 19 20 21 22 24 27 30 17 15
Average payables payment period 46 50 52 49 49 50 52 49 49 52 54 51 48 47 48 46 43 42 46 48 53 61 34 29
Short-term Activity Ratio
Cash conversion cycle1 4 2 4 2 4 6 6 4 8 9 7 5 8 10 13 10 14 17 19 17 20 25 26 26
Benchmarks
Cash Conversion Cycle, Competitors2
CVS Health Corp. 42 44 40 42 41 49 50 43 42 43 41 40 40 42 41 46 47 48 46

Based on: 10-Q (filing date: 2020-07-09), 10-Q (filing date: 2020-04-02), 10-Q (filing date: 2020-01-08), 10-K (filing date: 2019-10-28), 10-Q (filing date: 2019-06-27), 10-Q (filing date: 2019-04-02), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-11), 10-Q (filing date: 2018-06-28), 10-Q (filing date: 2018-03-28), 10-Q (filing date: 2018-01-04), 10-K (filing date: 2017-10-25), 10-Q (filing date: 2017-06-29), 10-Q (filing date: 2017-04-05), 10-Q (filing date: 2017-01-05), 10-K (filing date: 2016-10-20), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-07), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-09), 10-Q (filing date: 2015-04-09), 10-Q (filing date: 2014-12-30), 10-K (filing date: 2014-10-20), 10-Q (filing date: 2014-07-01), 10-Q (filing date: 2014-03-27), 10-Q (filing date: 2013-12-27).

1 Q3 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 32 + 1846 = 4

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.