Aramark Holdings (ARMK)

Receivables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	19,603,060	19,914,720	18,710,200	17,336,900	16,595,300	15,942,560	15,070,690	14,063,660	13,022,850	11,818,380	10,986,830	10,018,580	10,929,130	12,437,650	14,084,690	15,944,550	16,214,300	16,367,500	16,329,860	16,290,710
Receivables	US$ in thousands	2,198,780	1,970,780	2,405,890	2,353,580	2,299,810	2,147,960	2,052,240	1,989,040	1,896,710	1,748,600	1,532,880	1,466,150	1,511,080	1,431,210	1,423,190	1,850,980	1,971,940	1,806,960	1,832,910	1,878,150
Receivables turnover		8.92	10.10	7.78	7.37	7.22	7.42	7.34	7.07	6.87	6.76	7.17	6.83	7.23	8.69	9.90	8.61	8.22	9.06	8.91	8.67

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,603,060K ÷ $2,198,780K
= 8.92

The receivables turnover ratio for Aramark Holdings has varied over the past few quarters, ranging from a low of 6.76 to a high of 10.10. Overall, the trend in the receivables turnover ratio indicates some fluctuation but generally solid performance in collecting outstanding receivables.

A higher turnover ratio suggests that Aramark is efficient in collecting payments from its customers, with a higher frequency of converting its accounts receivable into cash. On the other hand, a lower turnover ratio may indicate potential issues with collecting outstanding payments promptly.

It is important to analyze the receivables turnover ratio in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of Aramark's efficiency in managing its accounts receivable.