Dine Brands Global Inc (DIN)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	831,068	909,400	896,167	689,300	910,178
Receivables	US$ in thousands	127,937	120,000	119,968	121,897	136,869
Receivables turnover		6.50	7.58	7.47	5.65	6.65

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $831,068K ÷ $127,937K
= 6.50

The receivables turnover for Dine Brands Global Inc has exhibited fluctuations over the past five years. In 2023, the company's receivables turnover decreased to 6.50 from 7.58 in 2022, indicating a decrease in the efficiency of collecting receivables. Despite the decrease, the turnover ratio remains relatively healthy, suggesting that the company is still able to convert its accounts receivable into cash within a reasonable timeframe. However, a downward trend in receivables turnover may warrant further investigation into the company's credit policies and collection processes to ensure timely cash inflows. Comparing to previous years, the turnover ratio was higher in 2022 and 2021 at 7.58 and 7.47, respectively, reflecting better efficiency in receivables management during those periods. The ratios for 2020 and 2019 were lower at 5.65 and 6.65, indicating a longer time taken to collect receivables in those years. Overall, these figures suggest that Dine Brands Global Inc has experienced variability in its ability to efficiently collect on its accounts receivable, highlighting the importance of monitoring and improving receivables management practices.