Church & Dwight Company Inc (CHD)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,867,900 | 5,375,600 | 5,190,100 | 4,895,800 | 4,357,700 |
| Receivables | US$ in thousands | 526,900 | 422,000 | 405,500 | 398,800 | 356,400 |
| Receivables turnover | 11.14 | 12.74 | 12.80 | 12.28 | 12.23 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,867,900K ÷ $526,900K
= 11.14
The receivables turnover ratio for Church & Dwight Co., Inc. has shown a decreasing trend over the past five years, indicating a decline in the efficiency of the company in collecting its accounts receivable.
In 2023, the receivables turnover ratio was 11.14, down from 12.74 in 2022 and 12.80 in 2021. This suggests that the company took longer to collect its receivables in 2023 compared to the previous two years.
Although the ratio has fluctuated slightly over the years, the overall trend indicates that Church & Dwight Co., Inc. may be facing challenges in managing its accounts receivable efficiently. Further investigation into the company's credit policies, collection practices, and customer base may be warranted to address the decline in receivables turnover.
Peer comparison
Dec 31, 2023