Keurig Dr Pepper Inc (KDP)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,271,000 | 13,190,000 | 12,701,000 | 11,130,000 | 10,500,000 |
| Receivables | US$ in thousands | 1,519,000 | 1,668,000 | 1,274,000 | 1,144,000 | 1,184,000 |
| Receivables turnover | 9.39 | 7.91 | 9.97 | 9.73 | 8.87 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,271,000K ÷ $1,519,000K
= 9.39
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.
Looking at the data provided for Keurig Dr Pepper Inc, we can observe fluctuations in the receivables turnover ratio over the past five years. In 2023, the receivables turnover ratio increased to 9.75 from 8.43 in 2022, indicating an improvement in the company's ability to collect payments from customers. This could be a result of better credit control policies or more efficient collection processes.
Compared to 2021 and 2020, where the ratios were 9.96 and 10.16 respectively, the 2023 ratio is slightly lower. However, it is still within a reasonable range and reflects a good level of efficiency in managing receivables.
Overall, the trend in Keurig Dr Pepper Inc's receivables turnover ratio over the five-year period shows some variability but generally demonstrates effective management of accounts receivable and collection efforts.
Peer comparison
Dec 31, 2023