Grocery Outlet Holding Corp (GO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,954,961 | 3,892,938 | 3,808,072 | 3,696,411 | 3,558,750 | 3,413,730 | 3,265,937 | 3,145,257 | 3,066,322 | 3,091,139 | 3,084,909 | 3,110,986 | 3,116,154 | 2,966,663 | 2,852,320 | |||
| Receivables | US$ in thousands | 19,128 | 23,145 | 14,448 | — | 15,173 | — | — | — | 10,378 | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 206.76 | 168.20 | 263.57 | — | 234.54 | — | — | — | 295.46 | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,954,961K ÷ $19,128K
= 206.76
The receivables turnover ratio for Grocery Outlet Holding Corp has shown significant fluctuations over the past quarters, ranging from 168.20 to 295.46. This implies that the company is efficiently managing its accounts receivable by effectively collecting payments from customers. The sharp increase in the receivables turnover ratio from 168.20 in September 2023 to 263.57 in June 2023 indicates an improvement in the company's ability to convert receivables into cash during that period. However, the lack of data for certain quarters, such as March 2023 and the entire year of 2022, limits a comprehensive trend analysis. Overall, a higher receivables turnover ratio suggests a more effective credit and collection process, reflecting positively on the company's liquidity and financial performance.
Peer comparison
Dec 31, 2023