B&G Foods Inc (BGS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Receivables | US$ in thousands | 181,328 | 151,003 | 158,043 | 149,565 | 148,696 |
| Receivables turnover | 10.65 | 13.60 | 13.69 | 13.70 | 13.20 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,930,330K ÷ $181,328K
= 10.65
The receivables turnover of B&G Foods Inc has remained relatively stable over the years, ranging from 13.20 to 13.70 times. This ratio indicates that, on average, the company collects its accounts receivable approximately 13 times within a year.
The slight decline in the receivables turnover from 13.70 in December 2021 to 10.65 in December 2024 might suggest that the company is taking more time to collect its receivables. This could be a signal of potential issues with credit policies, collection efficiency, or an increase in credit sales relative to cash sales. It would be important for the company to further investigate the reasons behind this decline and take any necessary actions to improve its receivables turnover ratio.
Peer comparison
Dec 31, 2024