Carnival Corporation (CCL)
Receivables turnover
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,470,000 | 23,464,000 | 21,836,000 | 20,426,000 | 19,417,000 | 17,876,000 | 15,504,000 | 13,197,000 | 10,559,000 | 7,812,000 | 4,475,000 | 2,493,000 | 1,264,000 | 654,000 | 139,000 | 648,000 | 5,356,000 | 10,056,000 | 16,506,000 | 20,732,000 |
| Receivables | US$ in thousands | 590,000 | 632,000 | 494,000 | 644,000 | 556,000 | 485,000 | 449,000 | 514,000 | 395,000 | 360,000 | 359,000 | 267,000 | 246,000 | 281,000 | 218,000 | 250,000 | 273,000 | 376,000 | 604,000 | 405,000 |
| Receivables turnover | 41.47 | 37.13 | 44.20 | 31.72 | 34.92 | 36.86 | 34.53 | 25.68 | 26.73 | 21.70 | 12.47 | 9.34 | 5.14 | 2.33 | 0.64 | 2.59 | 19.62 | 26.74 | 27.33 | 51.19 |
November 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,470,000K ÷ $590,000K
= 41.47
The receivables turnover ratio for Carnival Corporation shows the number of times the company collects its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is efficient in collecting payments from its customers.
From February 29, 2020, to November 30, 2024, Carnival Corporation's receivables turnover ratio fluctuated. It significantly decreased from February 29, 2020, to May 31, 2021, indicating a slower collection of receivables during this period. This drop may suggest potential concerns about the company's credit policies or the ability of its customers to pay.
However, from May 31, 2021, to November 30, 2024, the receivables turnover ratio gradually increased, indicating improvements in the company's collections process. The upward trend suggests enhanced efficiency in managing receivables and potentially tighter credit controls.
The data shows that Carnival Corporation's receivables turnover ratio experienced fluctuations over the analyzed period, with some periods of improvement and others showing challenges. Continuous monitoring and analysis of this ratio can provide insights into the company's liquidity and the effectiveness of its credit and collection policies.
Peer comparison
Nov 30, 2024