B&G Foods Inc (BGS)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,053,870	2,163,840	2,049,690	1,962,560	1,654,640
Receivables	US$ in thousands	151,003	158,043	149,565	148,696	152,842
Receivables turnover		13.60	13.69	13.70	13.20	10.83

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,053,870K ÷ $151,003K
= 13.60

The receivables turnover ratio for B&G Foods Inc has been relatively stable over the past five years, ranging from 10.83 to 13.70 times per year. This ratio measures how efficiently the company is collecting payments from its customers. A higher ratio indicates that the company is collecting payments more quickly, which is generally favorable as it reflects strong liquidity and efficient management of receivables.

In this case, the receivables turnover ratio has shown a slight fluctuation but has generally remained at a healthy level above 10 times per year. This suggests that B&G Foods Inc has been effective in managing its accounts receivable and converting them into cash. A consistent and relatively high receivables turnover ratio is a positive indicator of the company's financial health and operational efficiency.

Overall, the trend in B&G Foods Inc's receivables turnover ratio indicates that the company has been successful in efficiently collecting payments from its customers, which is essential for maintaining cash flow and sustaining operations.