Edgewell Personal Care Co (EPC)
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 | 2,271,400 | 2,251,600 | 2,254,400 | 2,228,200 | 2,177,500 | 2,171,700 | 2,178,000 | 2,127,900 | 2,099,500 | 2,087,300 | 2,032,900 | 1,943,100 | 1,946,800 | 1,949,700 | 1,988,900 | 2,114,200 | 2,137,900 | 2,141,000 | 2,150,400 | 2,161,800 |
| Receivables | US$ in thousands | 177,400 | 168,800 | 190,200 | 223,200 | 163,000 | 177,500 | 201,100 | 226,300 | 201,700 | 199,400 | 191,700 | 237,300 | 210,800 | 205,500 | 217,700 | 245,400 | 218,900 | 257,700 | 287,100 | 294,000 |
| Receivables turnover | 12.80 | 13.34 | 11.85 | 9.98 | 13.36 | 12.23 | 10.83 | 9.40 | 10.41 | 10.47 | 10.60 | 8.19 | 9.24 | 9.49 | 9.14 | 8.62 | 9.77 | 8.31 | 7.49 | 7.35 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,271,400K ÷ $177,400K
= 12.80
The receivables turnover ratio for Edgewell Personal Care Co has exhibited some fluctuations over the past eight quarters. The ratio measures how efficiently the company collects its accounts receivable during a specific period.
In Q1 2024, the receivables turnover ratio was 16.51, showing a notable increase from the previous quarter's ratio of 18.00. This implies that Edgewell Personal Care Co collected its accounts receivable more frequently in Q1 2024 compared to Q4 2023.
The highest receivables turnover ratio in the provided data was observed in Q4 2023 at 18.00, indicating that the company efficiently collected its outstanding receivables during that period.
On the other hand, the lowest ratio was recorded in Q2 2022 at 8.67, suggesting that Edgewell Personal Care Co took longer to collect its accounts receivable during that quarter.
Overall, the trend in the receivables turnover ratio for Edgewell Personal Care Co has been somewhat inconsistent, with fluctuations observed across the quarters. It is essential for the company to monitor this ratio regularly to ensure effective management of its accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023