John B Sanfilippo & Son Inc (JBSS)
Receivables turnover
| Jun 30, 2024 | Mar 31, 2024 | 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 955,868 | 904,862 | 894,170 | 874,538 | 858,482 | 855,939 | 859,671 | 872,519 | 880,092 | 894,990 | 884,412 | 890,508 |
| Receivables | US$ in thousands | 84,960 | 75,638 | 77,416 | 68,363 | 72,734 | 74,534 | 72,433 | 76,401 | 69,611 | 68,704 | 65,032 | 71,890 | 66,334 | 64,502 | 60,495 | 69,881 | 56,953 | 68,042 | 52,653 | 60,474 |
| Receivables turnover | 12.56 | 13.64 | 12.89 | 14.35 | 13.74 | 13.73 | 13.85 | 12.86 | 13.73 | 13.17 | 13.75 | 12.16 | 12.94 | 13.27 | 14.21 | 12.49 | 15.45 | 13.15 | 16.80 | 14.73 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,066,783K ÷ $84,960K
= 12.56
The receivables turnover ratio for John B Sanfilippo & Son Inc has shown some fluctuations over the past quarters, ranging from a low of 12.16 to a high of 16.80. The company's average receivables turnover ratio over the period in question is approximately 13.60.
A high receivables turnover ratio indicates that the company is able to effectively collect payments from its customers and convert its accounts receivable into cash quickly. This can be a positive sign of the company's efficient credit and collection policies.
However, the fluctuations in the receivables turnover ratio could also suggest varying sales patterns, changes in credit terms, or potential issues in collecting payments from customers. It is important for the company to monitor these fluctuations and investigate the underlying reasons behind them to ensure the long-term financial health of the business.
Peer comparison
Jun 30, 2024