WK Kellogg Co (KLG)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,704,000 | 2,695,000 | 2,698,000 |
| Receivables | US$ in thousands | 199,000 | 199,000 | 217,000 |
| Receivables turnover | 13.59 | 13.54 | 12.43 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,704,000K ÷ $199,000K
= 13.59
WK Kellogg Co's receivables turnover has shown a consistent increase over the three periods analyzed. Starting at 12.43 for June 30, 2024, it improved to 13.54 for September 30, 2024, and further increased to 13.59 by December 31, 2024.
A higher receivables turnover ratio indicates that the company is more efficient in collecting outstanding receivables from customers. This trend suggests that WK Kellogg Co has been able to effectively manage its accounts receivable, converting them into cash more quickly, which can be indicative of strong credit policies, effective collection efforts, or a customer base with strong payment practices.
Overall, the increasing trend in WK Kellogg Co's receivables turnover ratio signifies improved efficiency in managing its accounts receivable, translating into better liquidity and potentially lower credit risk for the company.
Peer comparison
Dec 31, 2024