B&G Foods Inc (BGS)

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	2,052,603	2,101,161	2,126,816	2,136,150	2,163,842	2,112,055	2,098,643	2,084,061	2,049,689	1,989,304	1,970,098	2,018,262	1,962,498	1,927,840	1,838,392	1,697,050	1,660,414	1,648,297	1,636,656	1,625,684
Receivables	US$ in thousands	151,003	163,779	155,651	—	158,043	—	—	—	149,565	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		13.59	12.83	13.66	—	13.69	—	—	—	13.70	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,052,603K ÷ $151,003K
= 13.59

The receivables turnover for B&G Foods Inc has been relatively stable over the periods presented, ranging from 12.83 to 13.70 times. This indicates that, on average, B&G Foods collects its accounts receivable approximately 13 times a year. A higher receivables turnover ratio suggests that the company efficiently collects its outstanding debts from customers, which is a positive sign for cash flow management. It is noted that there is missing data for certain periods, which may limit the trend analysis. Overall, the consistent and relatively high receivables turnover ratio for B&G Foods Inc reflects a strong ability to manage and collect receivables efficiently.