Kellanova (K)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,122,000 | 13,112,000 | 13,108,000 | 13,621,000 | 13,951,000 | 14,207,000 | 14,578,000 | 14,269,000 | 14,181,000 | 14,225,000 | 14,032,000 | 13,942,000 | 13,770,000 | 13,529,000 | 13,472,000 | 13,468,000 | 13,578,000 | 13,672,000 | 13,769,000 | 13,668,000 |
| Receivables | US$ in thousands | 1,568,000 | 1,876,000 | 1,930,000 | — | 1,736,000 | — | — | — | 1,489,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 8.37 | 6.99 | 6.79 | — | 8.04 | — | — | — | 9.52 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,122,000K ÷ $1,568,000K
= 8.37
The receivables turnover ratio for Kellanova has been fluctuating over the past years. In December 2023, the ratio stood at 8.37, showing an improvement compared to previous periods. This indicates that the company is able to collect its accounts receivable approximately 8.37 times during the year.
In comparison to the same period in 2022, where the ratio was 8.04, there has been a slight increase, suggesting more efficient management of receivables in the current year. However, the absence of data for March and September 2023 limits the ability to track the trend consistently throughout the year.
It is important for Kellanova to closely monitor its receivables turnover ratio to ensure that collections are timely and effective, as a higher turnover ratio typically indicates that the company is efficiently managing its credit policies and collection procedures.
Peer comparison
Dec 31, 2023