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

Company name
Symbol
Receivables turnover
Church & Dwight Company Inc
CHD
11.14
Ecolab Inc
ECL
5.11
Procter & Gamble Company
PG
13.74
Stepan Company
SCL
5.46