Kraft Heinz Co (KHC)
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 | 25,904,000 | 26,385,000 | 26,412,000 | 26,384,000 | 25,729,000 | 23,928,000 | 23,469,000 | 23,040,000 | 23,202,000 | 24,866,000 | 25,001,000 | 25,170,000 | 25,036,000 | 24,643,000 | 24,255,000 | 24,180,000 | 24,202,000 | 24,222,000 | 24,591,000 | 24,854,000 |
| Receivables | US$ in thousands | 2,112,000 | 2,103,000 | 2,237,000 | — | 2,120,000 | 2,055,000 | 2,145,000 | 2,067,000 | 1,957,000 | 1,958,000 | 2,008,000 | 2,079,000 | 2,063,000 | 1,979,000 | 2,045,000 | 2,321,000 | 2,146,000 | 2,078,000 | 2,154,000 | 2,095,000 |
| Receivables turnover | 12.27 | 12.55 | 11.81 | — | 12.14 | 11.64 | 10.94 | 11.15 | 11.86 | 12.70 | 12.45 | 12.11 | 12.14 | 12.45 | 11.86 | 10.42 | 11.28 | 11.66 | 11.42 | 11.86 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,904,000K ÷ $2,112,000K
= 12.27
The receivables turnover for Kraft Heinz Co over the past few quarters has shown variability but has generally been within a relatively consistent range. The receivables turnover ratio indicates how many times a company collects its accounts receivable balances during a specific period. A higher turnover ratio is generally viewed favorably as it suggests efficient management of receivables.
From December 2019 to December 2023, the receivables turnover ratio ranged from a low of 10.42 to a high of 12.70 with fluctuations in between. The company's ability to collect outstanding receivables improved over time, as evidenced by the generally increasing trend in the ratio.
Overall, the average receivables turnover ratio for this period is relatively healthy, reflecting that Kraft Heinz Co has been efficient in collecting payments from customers. However, it is essential to further investigate the reasons behind the fluctuations in the ratio to ensure it remains at optimal levels and is in line with industry standards.
Peer comparison
Dec 31, 2023