Domino’s Pizza Inc (DPZ)
Receivables turnover
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,479,360 | 4,468,620 | 4,509,860 | 4,550,410 | 4,537,160 | 4,488,140 | 4,417,530 | 4,384,820 | 4,357,368 | 4,370,728 | 4,340,457 | 4,228,010 | 4,117,414 | 3,911,194 | 3,764,287 | 3,655,911 | 3,618,772 | 3,550,562 | 3,515,715 | 3,483,464 |
| Receivables | US$ in thousands | 282,809 | 249,995 | 260,024 | 259,163 | 257,492 | — | — | 246,978 | 255,327 | — | — | 235,789 | 244,560 | — | — | — | — | — | — | — |
| Receivables turnover | 15.84 | 17.87 | 17.34 | 17.56 | 17.62 | — | — | 17.75 | 17.07 | — | — | 17.93 | 16.84 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,479,360K ÷ $282,809K
= 15.84
The receivables turnover for Dominos Pizza Inc has been relatively stable over the past few quarters, with values ranging from a low of 15.84 in Q4 2023 to a high of 18.49 in Q3 2022. This indicates that, on average, the company is able to collect its accounts receivables approximately 16 to 18 times per year.
A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, which is generally seen as a positive indicator of financial health. Dominos Pizza Inc's ratios have shown some fluctuations, but overall, they remain within a reasonably consistent range, indicating a consistent ability to manage its receivables effectively.
Peer comparison
Dec 31, 2023