Charles River Laboratories (CRL)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,082,940	4,098,090	3,457,220	2,939,570	2,582,040
Receivables	US$ in thousands	780,375	752,390	650,381	617,740	514,033
Receivables turnover		5.23	5.45	5.32	4.76	5.02

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,082,940K ÷ $780,375K
= 5.23

The receivables turnover ratio for Charles River Laboratories has shown a fluctuating trend over the past five years. The ratio has ranged from 4.76 to 5.45, indicating the number of times the company collects its average accounts receivable balance during each accounting period.

A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, which can be a positive sign of effective credit management and liquidity. Conversely, a lower ratio may indicate issues with the company's collection policies or credit quality of its customers.

Although the ratio has shown some variability, it has generally remained within a relatively narrow range, suggesting consistency in the company's collection processes. Overall, the trend in the receivables turnover ratio for Charles River Laboratories indicates a moderate level of efficiency in managing its accounts receivable over the years.