Darling Ingredients Inc (DAR)
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 | 6,537,880 | 6,817,070 | 6,938,130 | 6,823,800 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 | 3,349,524 | 3,343,226 | 3,314,219 | 3,303,513 |
| Receivables | US$ in thousands | 8,391 | 761,271 | 769,259 | — | 695,156 | — | — | — | 470,167 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 779.15 | 8.95 | 9.02 | — | 9.21 | — | — | — | 9.95 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,537,880K ÷ $8,391K
= 779.15
The receivables turnover for Darling Ingredients Inc has exhibited significant fluctuations over the periods presented. As of December 31, 2023, the receivables turnover ratio stood at a notably high level of 779.15, indicating that the company collected its accounts receivable approximately 779 times during the period. This sharp increase suggests a more efficient management of receivables compared to previous periods.
However, there are considerable variations in the receivables turnover ratio in the preceding quarters, with values ranging from as low as 8.95 to 9.95. These fluctuations may reflect changes in the company's credit policies, sales patterns, or collection practices impacting the speed at which receivables are converted into cash.
The lack of data for certain quarters, such as missing values for March 31, 2023, and various periods in 2022 and 2021, makes it challenging to provide a comprehensive trend analysis of the receivables turnover. Further examination and comparison with relevant financial and operational metrics would be necessary to gain deeper insights into the efficiency of Darling Ingredients Inc's receivables management.
Peer comparison
Dec 31, 2023