Hasbro Inc (HAS)
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 | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,590 | 5,474,669 | 5,465,439 | 5,170,479 | 4,969,029 | 5,093,287 | 4,720,227 | 4,681,377 | 4,675,897 | 4,595,818 |
| Receivables | US$ in thousands | 1,029,300 | 1,102,000 | 877,000 | — | 1,132,400 | 1,188,800 | 870,500 | 931,700 | 1,500,400 | 1,476,600 | 865,900 | 810,400 | 1,391,730 | 1,438,360 | 911,320 | 963,823 | 1,410,600 | 1,416,880 | 805,288 | 638,417 |
| Receivables turnover | 4.86 | 4.89 | 6.35 | — | 5.17 | 5.21 | 7.45 | 6.94 | 4.28 | 4.15 | 6.86 | 6.76 | 3.93 | 3.59 | 5.45 | 5.28 | 3.35 | 3.30 | 5.81 | 7.20 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,003,300K ÷ $1,029,300K
= 4.86
The receivables turnover ratio measures how efficiently Hasbro, Inc. is able to collect payments from its customers. A higher turnover ratio typically indicates that the company is collecting payments more quickly.
Analyzing the data provided, we observe fluctuations in Hasbro's receivables turnover over the past eight quarters. The receivables turnover ratio ranged from 4.86 to 8.31 during this period. In Q1 2023, the receivables turnover was at its highest at 8.31, demonstrating the company's ability to convert its accounts receivable into cash rapidly. Conversely, in Q4 2023, the ratio decreased to 4.86, indicating a slower collection of payments from customers.
Overall, Hasbro's receivables turnover has shown variability, which may be influenced by factors such as changes in sales volume, customer payment behaviors, or credit policies. It is essential for the company to monitor and analyze this ratio consistently to ensure efficient management of its accounts receivable and optimize its cash flow.