Jack In The Box Inc (JACK)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,692,310 | 1,468,080 | 1,143,670 | 1,021,510 | 950,107 |
| Receivables | US$ in thousands | 99,678 | 103,803 | 74,335 | 78,417 | 45,235 |
| Receivables turnover | 16.98 | 14.14 | 15.39 | 13.03 | 21.00 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,692,310K ÷ $99,678K
= 16.98
The receivables turnover ratio for Jack In The Box Inc has been fairly consistent over the past five years. It measures how efficiently the company is collecting payments from its customers. A higher ratio indicates better efficiency in collecting accounts receivables.
In this case, the receivables turnover ratio has fluctuated between 13.03 and 21.00 over the period, with the highest being in 2019. This suggests that in 2019, the company was collecting payments from customers at a faster rate compared to the other years.
Overall, the company has managed to maintain a healthy level of efficiency in collecting its accounts receivables over the years, indicating good management of credit and collection policies. It is important to note that receivables turnover ratios can vary by industry, and further analysis and comparison with industry peers would provide a more meaningful insight into the company's performance in this area.
Peer comparison
Sep 30, 2023