Coty Inc (COTY)

Receivables turnover

		Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	6,129,300	5,842,100	5,747,100	5,543,100	5,305,100	5,172,900	5,066,800	5,119,200	5,116,200	4,950,500	4,805,300	4,646,500	4,372,000	3,431,200	3,904,600	4,821,500	5,727,000	7,738,400	8,200,500	8,367,100
Receivables	US$ in thousands	463,000	479,900	500,200	534,900	379,300	400,800	433,800	483,000	450,100	479,200	506,800	517,800	526,700	398,100	531,700	521,700	493,500	844,200	1,110,000	1,036,600
Receivables turnover		13.24	12.17	11.49	10.36	13.99	12.91	11.68	10.60	11.37	10.33	9.48	8.97	8.30	8.62	7.34	9.24	11.60	9.17	7.39	8.07

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,129,300K ÷ $463,000K
= 13.24

The receivables turnover ratio for Coty Inc has shown fluctuations over the specified periods, indicating changes in the efficiency of the company in collecting its accounts receivable. A higher receivables turnover ratio generally indicates a more efficient collection process, while a lower ratio may indicate potential issues with collecting payments from customers.

Analyzing the data, there is an overall increasing trend in the receivables turnover ratio from 7.34 in March 31, 2021, to 13.24 in June 30, 2024, with some variations in between. This suggests an improvement in the company's ability to convert its accounts receivable into cash over the analyzed periods.

It is worth noting that fluctuations in the receivables turnover ratio can be influenced by various factors such as changes in the company's credit policies, customer payment behavior, and economic conditions. Therefore, continued monitoring of this ratio is crucial to assess the effectiveness of Coty Inc's accounts receivable management and overall financial health.