Avery Dennison Corp (AVY)
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 | 8,271,700 | 8,194,300 | 8,422,900 | 8,690,500 | 8,955,200 | 9,115,000 | 8,873,800 | 8,633,600 | 8,343,800 | 8,175,900 | 7,834,700 | 7,257,200 | 6,901,200 | 6,678,800 | 6,707,700 | 6,975,400 | 7,012,100 | 7,007,900 | 7,025,200 | 7,103,200 |
| Receivables | US$ in thousands | 1,414,900 | 1,426,200 | 1,415,200 | — | 1,374,400 | — | — | — | 1,424,500 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.85 | 5.75 | 5.95 | — | 6.52 | — | — | — | 5.86 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,271,700K ÷ $1,414,900K
= 5.85
Avery Dennison Corp's receivables turnover has shown fluctuations over the past few quarters. The receivables turnover ratio indicates how many times a company collects its accounts receivable balance during a period.
In the most recent quarter available, December 31, 2023, the receivables turnover ratio was 5.85, which implies that the company collected its outstanding receivables approximately 5.85 times during the period. This indicates that the company is relatively efficient in collecting its accounts receivable compared to the previous quarters.
Looking back at historical data, there has been a general trend of fluctuation in the receivables turnover ratio, with some quarters showing higher turnover ratios compared to others. An upward trend in the ratio generally indicates a more efficient management of accounts receivable, while a downward trend may suggest potential issues with collections or credit policies.
It is important for the company to continue monitoring and managing its accounts receivable effectively to ensure timely collection and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023