Cal-Maine Foods Inc (CALM)
Receivables turnover
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,348,374 | 2,396,265 | 2,688,969 | 2,962,667 | 3,155,135 | 3,059,414 | 2,534,012 | 2,123,411 | 1,796,346 | 1,553,178 | 1,434,020 | 1,388,348 | 1,348,981 | 1,452,523 | 1,439,031 | 1,403,225 | 1,351,609 | 1,178,848 | 1,217,253 | 1,261,771 |
| Receivables | US$ in thousands | 162,442 | 246,622 | 199,162 | 159,150 | 187,213 | 249,867 | 305,111 | 220,364 | 219,404 | 180,037 | 152,958 | 134,400 | 126,639 | 130,314 | 117,278 | 83,816 | 98,375 | 100,962 | 118,046 | 78,359 |
| Receivables turnover | 14.46 | 9.72 | 13.50 | 18.62 | 16.85 | 12.24 | 8.31 | 9.64 | 8.19 | 8.63 | 9.38 | 10.33 | 10.65 | 11.15 | 12.27 | 16.74 | 13.74 | 11.68 | 10.31 | 16.10 |
June 1, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,348,374K ÷ $162,442K
= 14.46
The receivables turnover of Cal-Maine Foods Inc has fluctuated over the past years, ranging from 8.19 to 18.62 times. Generally, a higher receivables turnover indicates that the company is efficient in collecting outstanding receivables from its customers.
Cal-Maine Foods Inc's receivables turnover peaked at 18.62 times in September 2, 2023, suggesting that the company was very effective in collecting payments from customers at that time. Conversely, the lowest turnover of 8.19 times was recorded on August 27, 2022, indicating a potential delay in collecting receivables.
Overall, there seems to be some variability in how quickly Cal-Maine Foods Inc collects payments from its customers, with the company experiencing fluctuations in receivables turnover over the periods analyzed. It would be important to further investigate the reasons behind these fluctuations to understand the underlying factors impacting the efficiency of receivables management.