National Beverage Corp (FIZZ)
Receivables turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,201,354 | 1,185,040 | 1,215,305 | 1,194,168 | 1,134,760 | 1,137,519 | 1,140,278 | 1,194,453 | 1,248,628 | 1,235,253 | 1,221,878 | 1,166,121 | 1,110,364 | 1,123,298 | 1,136,232 | 1,185,866 | 1,235,500 | 1,220,087 | 1,179,377 | 1,120,183 |
| Receivables | US$ in thousands | 104,157 | 90,903 | 99,605 | 116,029 | 102,837 | 102,837 | 101,731 | 101,731 | 100,223 | 100,223 | 107,680 | 107,680 | 104,918 | 104,918 | 97,104 | 97,104 | 100,445 | 100,445 | 100,273 | 100,273 |
| Receivables turnover | 11.53 | 13.04 | 12.20 | 10.29 | 11.03 | 11.06 | 11.21 | 11.74 | 12.46 | 12.33 | 11.35 | 10.83 | 10.58 | 10.71 | 11.70 | 12.21 | 12.30 | 12.15 | 11.76 | 11.17 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,201,354K ÷ $104,157K
= 11.53
The receivables turnover ratio for National Beverage Corp exhibits a pattern of fluctuation over the observed period. Initial data from July 2022 shows a ratio of approximately 11.17, which slightly increased to 12.30 by the end of October 2022. This upward trend indicates an improvement in the company's efficiency in collecting receivables during this period.
Between late 2022 and early 2023, the ratio fluctuates around 11.7 to 12.2, suggesting relative stability in receivables collection practices. Notably, a decline is observed by April 2023, where the ratio dips below 11, reaching approximately 10.58. This decrease may imply a slowdown in receivables collection effectiveness or changes in sales and credit policies.
Subsequently, the ratio demonstrates a mild recovery, increasing back to over 12 by October 2023, with values reaching approximately 12.46. This upward movement indicates an improvement in receivables management during the latter part of 2023.
Entering into 2024, the ratio experiences minor fluctuations, hovering around 11 to 11.7, with readings such as 11.74 in January and 11.21 in April. The ratio then declines again, reaching approximately 10.29 in July 2024, which may reflect a temporary decline in collection efficiency or altered credit terms.
Most recently, the ratio shows signs of stabilization and slight increase, with values around 12.20 in October 2024 and further rising to about 13.04 in January 2025, indicating improved receivables collection performance. The ratio then decreases slightly to approximately 11.53 in April 2025.
Overall, the receivables turnover ratio has demonstrated periods of improvement and decline, with a general trend towards higher efficiency in collections particularly evident towards the end of the analyzed period. These fluctuations could be attributed to operational adjustments, changes in credit policies, or variations in sales volume, and suggest that the company's receivables management has experienced phases of both strengthening and temporary setbacks over time.
Peer comparison
Apr 30, 2025