Ingredion Incorporated (INGR)
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 | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,187,000 | 6,909,000 | 6,747,000 | 6,486,000 | 6,058,000 | 5,987,000 | 5,943,000 | 5,898,000 | 5,983,000 | 5,860,000 | 5,737,000 | 5,730,000 | 5,792,000 |
| Receivables | US$ in thousands | 1,279,000 | 1,380,000 | 1,366,000 | 1,455,000 | 1,411,000 | 1,406,000 | 1,396,000 | 1,431,000 | 1,130,000 | 1,128,000 | 1,140,000 | 1,025,000 | 1,011,000 | 913,000 | 861,000 | 996,000 | 977,000 | 981,000 | 1,015,000 | 1,013,000 |
| Receivables turnover | 6.38 | 5.96 | 6.01 | 5.63 | 5.63 | 5.49 | 5.34 | 5.02 | 6.11 | 5.98 | 5.69 | 5.91 | 5.92 | 6.51 | 6.85 | 6.01 | 6.00 | 5.85 | 5.65 | 5.72 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,160,000K ÷ $1,279,000K
= 6.38
The receivables turnover ratio for Ingredion Inc has been relatively stable and consistent over the past eight quarters, ranging from 5.01 to 6.38. This ratio measures how efficiently the company is able to collect its accounts receivable during a specific period.
A higher receivables turnover ratio indicates that the company is more effective in collecting payments from customers and converting credit sales into cash quickly. In this case, Ingredion Inc has shown a moderate level of efficiency in managing its accounts receivable, with the ratio consistently above 5. This suggests that the company has a good credit and collection policy in place.
Overall, the trend in the receivables turnover ratio for Ingredion Inc indicates a healthy operational performance in terms of managing its accounts receivable effectively and efficiently.
Peer comparison
Dec 31, 2023