Jack In The Box Inc (JACK)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,571,310	1,692,310	1,468,080	1,143,670	1,021,510
Receivables	US$ in thousands	83,567	99,678	103,803	74,335	78,417
Receivables turnover		18.80	16.98	14.14	15.39	13.03

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,571,310K ÷ $83,567K
= 18.80

The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.

Looking at the data for Jack In The Box Inc over the past five years, we can see a consistent improvement in the receivables turnover ratio. In September 2024, the receivables turnover ratio stands at 18.80, which is higher compared to the previous year when it was 16.98.

This improvement suggests that Jack In The Box Inc has been able to collect payments from its customers more efficiently in the latest financial year. This could be attributed to better credit control measures, improved customer payment terms, or a more streamlined invoicing and collection process.

Overall, the increasing trend in the receivables turnover ratio over the past five years indicates that Jack In The Box Inc has been effectively managing its accounts receivable and converting them into cash in a timelier manner, which is a positive indicator of the company's financial health and operational efficiency.