Kellanova (K)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,122,000 | 12,653,000 | 14,181,000 | 13,770,000 | 13,578,000 |
| Receivables | US$ in thousands | 1,568,000 | 1,736,000 | 1,489,000 | 1,537,000 | 1,576,000 |
| Receivables turnover | 8.37 | 7.29 | 9.52 | 8.96 | 8.62 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,122,000K ÷ $1,568,000K
= 8.37
The receivables turnover of Kellanova has shown fluctuations over the past five years. In 2023, the receivables turnover reached 8.37, indicating that the company collected its accounts receivable approximately 8.37 times during the year. This represents an increase from the previous year, where the turnover was 7.29.
Looking further back, the company achieved a receivables turnover of 9.52 in 2021, which was higher than the 8.96 in 2020 and 8.62 in 2019. The fluctuations in the receivables turnover suggest variations in the efficiency of Kellanova's accounts receivable management over the years.
Overall, the trend in the receivables turnover of Kellanova indicates some variability, with the company being more efficient in collecting its accounts receivable in some years compared to others. Further analysis and comparison with industry benchmarks would provide more insights into the effectiveness of Kellanova's credit and collection policies.
Peer comparison
Dec 31, 2023