Domino’s Pizza Inc (DPZ)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,479,360 | 4,537,160 | 4,357,370 | 4,117,410 | 3,618,770 |
| Receivables | US$ in thousands | 282,809 | 257,492 | 255,327 | 244,560 | 210,260 |
| Receivables turnover | 15.84 | 17.62 | 17.07 | 16.84 | 17.21 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,479,360K ÷ $282,809K
= 15.84
Dominos Pizza Inc's receivables turnover ratio has experienced slight fluctuations over the past five years. The ratio was reported at 15.84 times in 2023, compared to 17.62 times in 2022, 17.07 times in 2021, 16.84 times in 2020, and 17.21 times in 2019. This declining trend suggests that the company is collecting its accounts receivable less frequently each year. A lower receivables turnover ratio may indicate potential issues with collecting payments from customers efficiently, leading to a longer accounts receivable turnover cycle. It is essential for Dominos Pizza Inc to closely monitor this ratio to ensure timely collection of outstanding receivables and maintain healthy cash flow.
Peer comparison
Dec 31, 2023