Darling Ingredients Inc (DAR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,716,780 | 5,662,700 | 5,866,990 | 6,171,400 | 6,546,820 | 6,826,010 | 6,947,070 | 6,832,740 | 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 |
| Receivables | US$ in thousands | 18,897 | 23,332 | 16,928 | 16,528 | 8,391 | 761,271 | 769,259 | — | 695,156 | — | — | — | 470,167 | — | — | — | — | — | — | — |
| Receivables turnover | 302.52 | 242.70 | 346.58 | 373.39 | 780.22 | 8.97 | 9.03 | — | 9.21 | — | — | — | 9.95 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,716,780K ÷ $18,897K
= 302.52
The receivables turnover ratio for Darling Ingredients Inc has shown fluctuations over the periods provided in the data. The ratio was not calculable for some periods ("—"), indicating incomplete information regarding accounts receivables and sales turnover.
In December 2021, the receivables turnover ratio was 9.95, implying that the company collected its outstanding receivables nearly 10 times during that period. This indicates a relatively efficient collection process.
The ratio decreased in December 2022 to 9.21 and further declined in subsequent periods. In March 2023, the ratio was 9.03, indicating a slower collection of receivables compared to the previous year.
A significant increase was observed in December 2023, with the ratio soaring to 780.22. Such a high receivables turnover could be a result of several factors, including changes in credit policy, exceptional sales, or payment delays.
The ratio dropped sharply in March 2024 to 373.39 and declined further in June 2024 to 346.58, indicating a significant slowdown in receivables turnover during these periods.
Overall, the trend in Darling Ingredients Inc's receivables turnover ratio shows variability, with periods of efficient collection alternating with periods of slower turnover. Further analysis would be required to understand the reasons behind these fluctuations and to assess the company's overall receivables management efficiency.
Peer comparison
Dec 31, 2024