Floor & Decor Holdings Inc (FND)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,406,920 | 4,406,870 | 4,395,090 | 4,350,260 | 4,260,640 | 4,126,905 | 3,907,461 | 3,678,719 | 3,433,006 | 3,242,323 | 3,049,717 | 2,651,270 | 2,422,460 | 2,225,810 | 2,062,093 | 2,119,126 | 2,039,528 | 1,949,265 | 1,863,273 | 1,776,713 |
| Receivables | US$ in thousands | 27,870 | 16,157 | 14,085 | — | 7,325 | 9,867 | 14,188 | — | 3,507 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 158.12 | 272.75 | 312.04 | — | 581.66 | 418.25 | 275.41 | — | 978.90 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,406,920K ÷ $27,870K
= 158.12
Floor & Decor Holdings Inc's receivables turnover has exhibited fluctuations over the provided periods. The company experienced a significant increase in receivables turnover from December 31, 2022, reaching a high of 581.66 in that period. This indicates that the company efficiently converted its accounts receivable into cash during that time frame.
However, the receivables turnover decreased in subsequent periods, with values fluctuating between 158.12 and 418.25. It is important to highlight the absence of data for the March 31, 2023, period, which limits a comprehensive trend analysis.
Overall, the varying levels of receivables turnover suggest fluctuations in the company's collection efficiency and credit policies. Further analysis of the company's receivables management practices and industry norms would be beneficial to understand the underlying factors driving these fluctuations in receivables turnover.
Peer comparison
Dec 31, 2023