Flowers Foods Inc (FLO)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,090,830	4,805,820	4,330,770	4,387,990	4,123,970
Receivables	US$ in thousands	345,608	349,477	318,197	302,212	321,830
Receivables turnover		14.73	13.75	13.61	14.52	12.81

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,090,830K ÷ $345,608K
= 14.73

Flowers Foods Inc's receivables turnover has shown a generally increasing trend over the past five years. The company's ability to efficiently collect its accounts receivable improved from 12.81 times in 2019 to 14.73 times in 2023. This indicates that Flowers Foods Inc is managing its receivables more effectively, translating outstanding customer invoices into cash at a faster rate. A higher receivables turnover ratio suggests that the company is collecting its receivables more quickly, which can indicate strong customer payment practices, effective credit policies, or improvements in collection processes. Overall, the increasing trend in receivables turnover reflects a positive trend in Flowers Foods Inc's accounts receivable management.