Charles River Laboratories (CRL)

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	4,097,200	4,325,190	4,303,632	4,238,180	4,106,274	3,792,022	3,683,743	3,605,712	3,459,843	3,333,185	3,172,755	2,930,880	2,859,828	2,759,976	2,697,739	2,671,095	2,595,709	2,506,101	2,411,563	2,341,443
Receivables	US$ in thousands	780,375	799,310	800,646	—	752,390	778,499	755,343	706,796	650,381	660,452	644,027	610,566	617,740	572,058	532,531	542,390	514,033	524,074	545,148	495,501
Receivables turnover		5.25	5.41	5.38	—	5.46	4.87	4.88	5.10	5.32	5.05	4.93	4.80	4.63	4.82	5.07	4.92	5.05	4.78	4.42	4.73

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,097,200K ÷ $780,375K
= 5.25

The receivables turnover ratio for Charles River Laboratories has shown some fluctuations over the past few quarters. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.

Based on the provided data, we can observe that the receivables turnover ratio has generally been in the range of 4.42 to 5.46 over the past few years. There seem to be minor variations from quarter to quarter, with the ratio peaking at 5.46 in the fourth quarter of 2022 and declining to 4.42 in the second quarter of 2019.

Overall, the receivables turnover ratio for Charles River Laboratories appears to be relatively stable, hovering around an average of approximately 5. This consistency suggests that the company has been effective in managing its accounts receivable and converting them into cash. However, it would be beneficial to further investigate the reasons behind the fluctuations in the ratio to ensure sustained efficiency in the collection of receivables.