National Beverage Corp (FIZZ)
Receivables turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,191,694 | 1,181,078 | 1,179,496 | 1,179,055 | 1,172,932 | 1,170,453 | 1,160,893 | 1,144,418 | 1,138,013 | 1,114,896 | 1,101,904 | 1,090,555 | 1,072,210 | 1,073,508 | 1,050,391 | 1,030,193 | 1,000,394 | 977,907 | 975,985 | 985,083 |
| Receivables | US$ in thousands | 102,837 | 101,731 | 100,223 | 107,680 | 104,918 | 97,104 | 100,445 | 100,273 | 93,592 | 82,172 | 88,241 | 98,616 | 86,442 | 75,669 | 82,861 | — | 84,921 | 72,523 | 72,619 | 84,803 |
| Receivables turnover | 11.59 | 11.61 | 11.77 | 10.95 | 11.18 | 12.05 | 11.56 | 11.41 | 12.16 | 13.57 | 12.49 | 11.06 | 12.40 | 14.19 | 12.68 | — | 11.78 | 13.48 | 13.44 | 11.62 |
April 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,191,694K ÷ $102,837K
= 11.59
The receivables turnover ratio for National Beverage Corp has shown fluctuations over the past few quarters, ranging from 10.95 to 14.19 times. This ratio indicates how effectively the company is managing its accounts receivable by converting them into cash. A higher turnover ratio suggests that the company is collecting its receivables more quickly.
Over the period analyzed, National Beverage Corp's receivables turnover has generally been relatively high, fluctuating around an average of 12 times. This indicates that the company has been efficient in collecting payments from its customers. However, the slight variations in the ratio over time may warrant further investigation into changes in the company's credit policies, customer base, or collection procedures.
Overall, a consistent and healthy receivables turnover ratio is essential for maintaining cash flow and liquidity. Investors and analysts will likely monitor this ratio closely to assess the company's ability to manage its accounts receivable effectively.
Peer comparison
Apr 27, 2024