Fresh Del Monte Produce Inc (FDP)
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 | 4,280,300 | 4,275,700 | 4,259,300 | 4,300,100 | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 |
| Receivables | US$ in thousands | 512,400 | 472,300 | 494,300 | 529,200 | 526,000 | 464,200 | 520,200 | 515,200 | 504,200 | 442,000 | — | — | 476,100 | — | — | — | 435,200 | 413,400 | 444,900 | 481,300 |
| Receivables turnover | 8.35 | 9.05 | 8.62 | 8.13 | 8.21 | 9.38 | 8.46 | 8.61 | 8.81 | 10.00 | — | — | 8.93 | — | — | — | 9.66 | 10.22 | 9.68 | 9.25 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,280,300K ÷ $512,400K
= 8.35
The receivables turnover ratio for Fresh Del Monte Produce Inc has shown some fluctuations over the past few years. The ratio increased from 9.25 as of March 31, 2020, to a peak of 10.22 as of September 30, 2020, indicating that the company was collecting its accounts receivables more efficiently during that period.
However, the ratio declined in the subsequent quarters, reaching 8.93 as of December 31, 2021. This decrease suggests that the company may be taking longer to collect its receivables or that there is a change in its credit policies.
The ratio remained relatively stable around the 8.00 to 9.00 range from March 31, 2022, to June 30, 2024, with some minor fluctuations. It stood at 8.35 as of December 31, 2024.
Overall, the trend in Fresh Del Monte Produce Inc's receivables turnover ratio indicates that the company has been moderately effective in managing its accounts receivables, with some variability in its collection efficiency over the analyzed period.
Peer comparison
Dec 31, 2024