Church & Dwight Company Inc (CHD)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,867,900 | 5,775,900 | 5,637,300 | 5,508,200 | 5,375,600 | 5,308,300 | 5,302,400 | 5,248,400 | 5,190,100 | 5,116,700 | 5,046,300 | 4,969,500 | 4,895,800 | 4,744,700 | 4,593,100 | 4,478,200 | 4,357,700 | 4,287,900 | 4,236,100 | 4,184,600 |
| Receivables | US$ in thousands | 526,900 | 460,900 | 460,900 | 429,300 | 422,000 | 391,300 | 405,800 | 407,100 | 405,500 | 407,000 | 386,200 | 405,800 | 398,800 | 372,800 | 344,500 | 353,500 | 356,400 | 384,400 | 383,700 | 384,600 |
| Receivables turnover | 11.14 | 12.53 | 12.23 | 12.83 | 12.74 | 13.57 | 13.07 | 12.89 | 12.80 | 12.57 | 13.07 | 12.25 | 12.28 | 12.73 | 13.33 | 12.67 | 12.23 | 11.15 | 11.04 | 10.88 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,867,900K ÷ $526,900K
= 11.14
The receivables turnover ratio for Church & Dwight Co., Inc. has been relatively stable over the past eight quarters, ranging from 11.14 to 13.57. A decreasing trend can be observed from Q4 2022 to Q2 2023, indicating that the company took longer to collect its accounts receivables during that period. However, the ratio increased in Q3 and Q4 2023, suggesting an improvement in the efficiency of receivables collection.
On average, for every dollar of accounts receivable, Church & Dwight Co., Inc. turned over its receivables approximately 12 times in the last eight quarters. This implies that the company collects its accounts receivables efficiently, with a higher turnover ratio generally being indicative of a more effective credit and collection policy.
Overall, although there were fluctuations in the receivables turnover ratio, Church & Dwight Co., Inc. appears to manage its accounts receivables effectively, converting them into cash at a relatively consistent pace.
Peer comparison
Dec 31, 2023