J & J Snack Foods Corp (JJSF)
Receivables turnover
| Sep 30, 2024 | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,574,195 | 1,591,295 | 1,577,096 | 1,555,214 | 1,558,807 | 1,515,372 | 1,469,840 | 1,413,499 | 1,380,643 | 1,303,210 | 1,247,323 | 1,221,979 | 1,144,477 | 1,074,048 | 964,265 | 980,132 | 1,022,046 | 1,081,059 | 1,193,204 | 1,197,472 |
| Receivables | US$ in thousands | 189,233 | 208,665 | 178,312 | 166,156 | 198,129 | 217,520 | 198,442 | 187,321 | 208,178 | 253,469 | 187,933 | 162,585 | 162,939 | 154,845 | 137,683 | 113,210 | 126,587 | 116,488 | 134,746 | 131,574 |
| Receivables turnover | 8.32 | 7.63 | 8.84 | 9.36 | 7.87 | 6.97 | 7.41 | 7.55 | 6.63 | 5.14 | 6.64 | 7.52 | 7.02 | 6.94 | 7.00 | 8.66 | 8.07 | 9.28 | 8.86 | 9.10 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,574,195K ÷ $189,233K
= 8.32
The receivables turnover for J & J Snack Foods Corp has shown fluctuations over the past several quarters. The turnover ratio measures how efficiently a company is able to collect on its credit sales within a given period. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.
In the most recent quarter ending September 30, 2024, the receivables turnover stood at 8.32, which represents a moderate decrease from the previous quarter's ratio of 7.63 but remains relatively strong. The company's ability to collect on its credit sales has improved since the same period last year when the turnover ratio was 7.87.
Looking back over the past few years, we can observe some fluctuations in the receivables turnover ratio, indicating varying levels of efficiency in collecting receivables. The highest turnover ratio observed was 9.36 in the fourth quarter of 2023, while the lowest was 5.14 in the second quarter of 2022.
Overall, the trend in the receivables turnover ratio for J & J Snack Foods Corp suggests that the company has been fairly effective in managing its accounts receivable and collecting on credit sales efficiently. However, it would be beneficial to further analyze the reasons behind the fluctuations in the turnover ratio to ensure consistent and effective receivables management in the future.