Kraft Heinz Co (KHC)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	25,669,000	25,743,000	23,232,000	24,638,000	24,040,000
Receivables	US$ in thousands	2,112,000	2,120,000	1,957,000	2,063,000	2,146,000
Receivables turnover		12.15	12.14	11.87	11.94	11.20

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $25,669,000K ÷ $2,112,000K
= 12.15

The trend in Kraft Heinz Co's receivables turnover over the past five years has been relatively stable, with a slight increase from 11.20 in 2019 to 12.15 in 2023. This indicates that the company is able to efficiently collect receivables from its customers. A higher receivables turnover ratio suggests that Kraft Heinz Co is collecting its accounts receivable more frequently during the year, which can be a positive sign of liquidity and efficiency in managing its working capital. Overall, the steady increase in receivables turnover reflects positively on the company's ability to effectively manage its accounts receivable and convert them into cash.