Charles River Laboratories (CRL)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,120,490 | 4,082,940 | 4,098,090 | 3,457,220 | 2,939,570 |
| Receivables | US$ in thousands | 720,915 | 780,375 | 752,390 | 650,381 | 617,740 |
| Receivables turnover | 5.72 | 5.23 | 5.45 | 5.32 | 4.76 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,120,490K ÷ $720,915K
= 5.72
The receivables turnover for Charles River Laboratories has shown a positive trend over the past five years. It increased from 4.76 in December 31, 2020, to 5.72 in December 31, 2024. This indicates that the company is collecting its accounts receivable more efficiently. A higher receivables turnover ratio suggests that Charles River Laboratories is able to convert its accounts receivable into cash more quickly, which is a positive sign of strong liquidity management. Overall, the trend in the receivables turnover ratio reflects the company's effective credit and collection policies, resulting in improved cash flow and working capital management.
Peer comparison
Dec 31, 2024