Colgate-Palmolive Company (CL)

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	19,457,000	19,136,000	18,676,000	18,338,000	17,967,000	17,741,000	17,700,000	17,476,000	17,421,000	17,342,000	17,081,000	16,718,000	16,471,000	16,162,000	15,937,000	15,906,000	15,693,000	15,489,000	15,406,000	15,426,000
Receivables	US$ in thousands	1,586,000	1,577,000	1,656,000	1,590,000	1,504,000	1,425,000	1,490,000	1,532,000	1,297,000	1,424,000	1,443,000	1,402,000	1,264,000	1,292,000	1,231,000	1,551,000	1,440,000	1,495,000	1,590,000	1,547,000
Receivables turnover		12.27	12.13	11.28	11.53	11.95	12.45	11.88	11.41	13.43	12.18	11.84	11.92	13.03	12.51	12.95	10.26	10.90	10.36	9.69	9.97

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,457,000K ÷ $1,586,000K
= 12.27

To analyze Colgate-Palmolive Co.'s receivables turnover, we observe a consistent performance over the past eight quarters. The company's receivables turnover ratio has ranged between 11.28 and 12.45, indicating efficiency in collecting outstanding receivables within a specific period.

The average receivables turnover for the period is approximately 11.90, demonstrating a stable collection efficiency. A higher ratio suggests that the company is efficient in collecting cash from customers and converting credit sales into cash quickly.

The consistency in the receivables turnover ratio for Colgate-Palmolive Co. indicates effective credit management and collection processes. However, any significant deviation from this trend in the future may require further investigation to assess potential changes in customer payment behaviors or credit terms.