Carnival Corporation (CCL)
Receivables turnover
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 20,620,000 | 20,343,000 | 19,698,000 |
| Receivables | US$ in thousands | 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 | 444,000 | 441,000 | 405,000 |
| Receivables turnover | 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 | 46.44 | 46.13 | 48.64 |
February 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $20,426,000K ÷ $644,000K
= 31.72
The receivables turnover ratio for Carnival Corporation has fluctuated over the past few years. The ratio measures how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
Looking at the trend, we can see that the receivables turnover ratio has generally been on an upward trajectory, indicating an improvement in the company's ability to collect receivables in a timely manner. In the most recent period, the ratio stood at 31.72, which means that Carnival Corporation was able to convert its receivables into cash 31.72 times during the year.
However, there have been some periods with lower receivables turnover ratios, such as in Nov 30, 2021, where the ratio was 2.33, indicating a potential issue with collecting receivables efficiently during that period.
Overall, the upward trend in the receivables turnover ratio is a positive sign of improved collection efficiency for Carnival Corporation, but it is important to closely monitor any fluctuations in the ratio to ensure effective management of receivables.
Peer comparison
Feb 29, 2024