Jack In The Box Inc (JACK)

Receivables turnover

		Jan 21, 2024	Sep 30, 2023	Jul 9, 2023	Apr 16, 2023	Jan 22, 2023	Sep 30, 2022	Jul 10, 2022	Apr 17, 2022	Jan 23, 2022	Sep 30, 2021	Jun 30, 2021	Apr 11, 2021	Jan 17, 2021	Sep 30, 2020	Jul 5, 2020	Apr 12, 2020	Jan 19, 2020	Sep 30, 2019	Jul 7, 2019	Apr 14, 2019
Revenue (ttm)	US$ in thousands	1,652,708	1,692,306	1,722,555	1,723,918	1,650,468	1,468,083	1,343,764	1,214,917	1,149,840	1,143,670	1,120,617	1,093,434	1,052,374	1,021,506	987,340	967,424	966,994	950,107	906,344	871,968
Receivables	US$ in thousands	63,251	99,678	82,776	96,657	56,987	103,803	78,490	52,461	55,220	74,335	68,278	86,721	54,702	78,417	88,242	66,331	53,576	45,235	57,647	70,174
Receivables turnover		26.13	16.98	20.81	17.84	28.96	14.14	17.12	23.16	20.82	15.39	16.41	12.61	19.24	13.03	11.19	14.58	18.05	21.00	15.72	12.43

January 21, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,652,708K ÷ $63,251K
= 26.13

The receivables turnover for Jack In The Box, Inc. has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is able to collect on its credit sales during a given period. A higher receivables turnover ratio implies that the company is collecting its outstanding receivables more quickly.

In Q1 2023 and Q1 2024, the company exhibited the highest efficiency in collecting its receivables with turnover ratios of 28.96 and 26.13, respectively. This suggests that the company's credit policies were effective in those periods. Conversely, Q4 2022 and Q4 2023 had the lowest turnover ratios at 14.14 and 16.98, respectively, indicating slower collections during those quarters.

Overall, there is variability in the receivables turnover ratio, which may be influenced by factors such as changes in credit policies, customer payment behavior, or the overall economic environment. Monitoring this ratio over time can provide insights into the company's collection efficiency and effectiveness in managing its accounts receivable.