Flowers Foods Inc (FLO)

Receivables turnover

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	5,090,830	5,044,470	5,003,380	5,211,260	4,660,260	4,605,390	4,464,530	4,330,770	4,370,320	4,332,170	4,340,720	4,387,990	4,282,709	4,259,620	4,209,519	4,123,979	4,086,887	4,043,775	4,009,299	3,951,849
Receivables	US$ in thousands	345,608	377,141	439,308	375,674	349,477	—	338,097	318,197	—	—	298,259	302,212	—	—	—	—	—	—	—	—
Receivables turnover		14.73	13.38	11.39	13.87	13.33	—	13.20	13.61	—	—	14.55	14.52	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

The receivables turnover ratio for Flowers Foods Inc has shown fluctuations over the past few periods. The ratios ranged from 11.39 to 14.73. A higher receivables turnover ratio indicates that the company is efficient in collecting outstanding receivables from its customers.

Between Dec 31, 2023 and Jul 15, 2023, the receivables turnover decreased from 14.73 to 11.39, indicating a potential decrease in the efficiency of collecting receivables during this period. However, the ratio increased to 13.87 by Apr 22, 2023, suggesting an improvement in the collection process.

Overall, the average receivables turnover for the periods where data is available was approximately 13.66. This suggests that, on average, Flowers Foods Inc collects its outstanding receivables approximately 13.66 times during a given period.

It would be important for Flowers Foods Inc to continue monitoring and managing its receivables turnover ratio to ensure timely collection of outstanding payments, which can positively impact its cash flow and overall financial health.