National Beverage Corp (FIZZ)
Receivables turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,172,930 | 1,138,010 | 1,072,210 | 1,000,390 |
| Receivables | US$ in thousands | 102,837 | 104,918 | 93,592 | 86,442 | 84,921 |
| Receivables turnover | 11.59 | 11.18 | 12.16 | 12.40 | 11.78 |
April 27, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,191,690K ÷ $102,837K
= 11.59
The receivables turnover ratio for National Beverage Corp has fluctuated over the past five years. The ratio indicates how effectively the company is collecting outstanding receivables from its customers within a specific period.
In the most recent fiscal year ending April 27, 2024, the receivables turnover ratio was 11.59, indicating that the company collected its outstanding receivables approximately 11.59 times during the year. This is slightly higher compared to the previous fiscal year, where the ratio was 11.18.
Although there was a slight increase in the receivables turnover ratio in 2024, it is important to note that the ratio has been relatively stable over the years, with numbers ranging from 11.18 to 12.40. This consistency suggests that National Beverage Corp has been effectively managing its accounts receivables and collecting payments from customers in a timely manner.
Overall, the trend in the receivables turnover ratio for National Beverage Corp shows a consistent and efficient collection of outstanding receivables, indicating good liquidity management and strong credit control practices.
Peer comparison
Apr 27, 2024