International Flavors & Fragrances Inc (IFF)

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	11,022,000	11,168,000	11,438,000	11,857,000	12,104,000	12,324,000	12,342,000	12,122,000	11,368,000	9,645,100	7,879,920	6,034,230	4,948,650	4,856,730	4,891,250	5,016,510	4,999,490	8,882,710	8,522,918	8,151,364
Receivables	US$ in thousands	1,726,000	1,831,000	1,887,000	1,899,000	1,818,000	2,031,000	2,180,000	2,160,000	1,906,000	1,975,000	2,059,000	2,023,000	929,000	928,625	961,568	943,114	876,197	942,705	1,046,030	1,003,960
Receivables turnover		6.39	6.10	6.06	6.24	6.66	6.07	5.66	5.61	5.96	4.88	3.83	2.98	5.33	5.23	5.09	5.32	5.71	9.42	8.15	8.12

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,022,000K ÷ $1,726,000K
= 6.39

The receivables turnover ratio for International Flavors & Fragrances Inc. has been relatively consistent over the past eight quarters, ranging between 5.04 and 6.00. This ratio indicates how efficiently the company is able to collect outstanding receivables during a specific period.

A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly, which could be indicative of effective credit policies or strong relationships with customers. On the other hand, a lower turnover ratio may signal potential issues with collecting receivables promptly.

Overall, International Flavors & Fragrances Inc. has shown a steady performance in managing its receivables turnover, hovering around the 5.00 to 6.00 range. It is important for the company to monitor this ratio closely to ensure efficient management of its accounts receivable and timely collection of outstanding debts.