B&G Foods Inc (BGS)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,932,256	1,949,320	1,990,969	2,016,002	2,052,587	2,101,145	2,126,800	2,136,134	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
Receivables	US$ in thousands	181,328	167,804	153,856	139,310	151,003	163,779	155,651	—	158,043	—	—	—	149,565	—	—	—	—	—	—	—
Receivables turnover		10.66	11.62	12.94	14.47	13.59	12.83	13.66	—	13.69	—	—	—	13.70	—	—	—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,932,256K ÷ $181,328K
= 10.66

The receivables turnover ratio for B&G Foods Inc has fluctuated over the periods provided. The ratio was not available for analysis until December 31, 2021, where it was calculated to be 13.70. This indicates that the company collected its accounts receivable approximately 13.70 times during that period.

Subsequently, the ratio remained consistent in the following quarter but experienced a slight decrease to 13.66 on June 30, 2023. This suggests that the company's collection efficiency may have been impacted, as it took slightly longer to collect its receivables during that period.

The ratio further decreased to 11.62 on September 30, 2024, and declined to 10.66 on December 31, 2024, indicating a notable decrease in collection efficiency. A declining receivables turnover ratio could indicate potential issues with credit policies, collection efforts, or the quality of receivables.

Overall, B&G Foods Inc should closely monitor its receivables turnover ratio to ensure efficient collection of accounts receivable and to promptly address any issues that may arise in this area.