Keurig Dr Pepper Inc (KDP)
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 | 14,303,000 | 14,206,000 | 14,054,000 | 13,647,000 | 13,249,000 | 13,493,000 | 13,211,000 | 13,017,000 | 12,737,000 | 11,774,000 | 11,512,000 | 11,201,000 | 11,024,000 | 10,824,000 | 10,664,000 | 10,601,000 | 10,457,000 | 10,315,000 | 10,308,000 | 9,509,000 |
| Receivables | US$ in thousands | 1,519,000 | 1,409,000 | 1,447,000 | 1,606,000 | 1,668,000 | 1,631,000 | 1,471,000 | 1,358,000 | 1,274,000 | 1,261,000 | 1,162,000 | 1,149,000 | 1,144,000 | 1,118,000 | 1,075,000 | 1,097,000 | 1,184,000 | 1,149,000 | 1,130,000 | 1,078,000 |
| Receivables turnover | 9.42 | 10.08 | 9.71 | 8.50 | 7.94 | 8.27 | 8.98 | 9.59 | 10.00 | 9.34 | 9.91 | 9.75 | 9.64 | 9.68 | 9.92 | 9.66 | 8.83 | 8.98 | 9.12 | 8.82 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,303,000K ÷ $1,519,000K
= 9.42
The receivables turnover ratio measures how efficiently a company collects on credit sales during a period. A higher ratio indicates better efficiency in collecting receivables.
Based on the data provided for Keurig Dr Pepper Inc's receivables turnover ratio over the past eight quarters, we observe fluctuations in the ratio ranging from 8.43 to 10.47. The trend shows some variability, with the latest data for Q4 2023 at 9.75, indicating a slight decrease from the previous quarter.
The average receivables turnover ratio for the period under review is around 9.45. This suggests that, on average, Keurig Dr Pepper Inc collects its outstanding receivables approximately 9.45 times a year.
Overall, the company's receivables turnover seems relatively stable, with fluctuations within a reasonable range. However, management should continue monitoring and potentially improving the efficiency of their accounts receivable collection process to ensure timely payments and healthy cash flows.
Peer comparison
Dec 31, 2023