Fresh Del Monte Produce Inc (FDP)
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 | 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 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Receivables | US$ in thousands | 526,000 | 464,200 | 520,200 | 515,200 | 504,200 | 442,000 | — | — | 476,100 | — | — | — | 435,200 | 413,400 | 444,900 | 481,300 | 467,900 | 446,300 | 496,200 | 519,300 |
| Receivables turnover | 8.21 | 9.38 | 8.46 | 8.61 | 8.81 | 10.00 | — | — | 8.93 | — | — | — | 9.66 | 10.22 | 9.68 | 9.25 | 9.59 | 10.10 | 9.09 | 8.75 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,320,700K ÷ $526,000K
= 8.21
The receivables turnover ratio for Fresh Del Monte Produce Inc has fluctuated over the past 20 quarters, with values ranging from 8.21 to 10.22. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. The trend shows some variability, with some quarters performing better than others in terms of collecting outstanding receivables. Overall, Fresh Del Monte Produce Inc seems to manage its accounts receivable effectively, with most ratios hovering around the 9-10 range. It is essential for the company to monitor this ratio continuously to ensure timely collection of receivables and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023