National Beverage Corp (FIZZ)
Receivables turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,191,690 | 1,172,930 | 1,172,930 | 1,138,010 |
| Receivables | US$ in thousands | — | 102,837 | — | 104,918 | — |
| Receivables turnover | — | 11.59 | — | 11.18 | — |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,191,690K ÷ $—K
= —
National Beverage Corp's receivables turnover ratio provides valuable insight into how efficient the company is at collecting its accounts receivable.
Based on the provided data:
- As of April 29, 2023, the receivables turnover ratio was 11.18.
- As of April 27, 2024, the receivables turnover ratio increased to 11.59.
A higher receivables turnover ratio indicates that National Beverage Corp is collecting its receivables more quickly, which is a positive sign of efficient management of its accounts receivable. This suggests that the company is effectively converting its credit sales into cash, potentially minimizing the risk of bad debts and improving its cash flow.
However, it is worth noting that there is missing data for April 30, 2022, and April 30, 2023, which limits the comparability of the ratios over time. Further analysis with additional data points would provide a more comprehensive understanding of National Beverage Corp's receivables turnover performance.
Peer comparison
Apr 30, 2024