Kontoor Brands Inc (KTB)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,610,986	2,571,058	2,544,950	2,544,398	2,579,338	2,637,077	2,590,654	2,589,646	2,604,516	2,540,463	2,588,165	2,465,948	2,434,204	2,469,159	2,394,349	2,247,901	2,097,839	2,049,753	2,117,336	2,390,409
Receivables	US$ in thousands	243,660	230,435	205,019	239,632	217,673	236,816	186,024	224,024	225,858	234,569	185,157	276,037	289,800	269,874	215,297	221,031	231,397	221,971	153,302	213,080
Receivables turnover		10.72	11.16	12.41	10.62	11.85	11.14	13.93	11.56	11.53	10.83	13.98	8.93	8.40	9.15	11.12	10.17	9.07	9.23	13.81	11.22

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,610,986K ÷ $243,660K
= 10.72

The receivables turnover for Kontoor Brands Inc has exhibited some fluctuations over the period analyzed. The trend indicates that the company's ability to collect its accounts receivable has seen some variations.

The receivables turnover ratio measures how efficiently a company is managing its credit sales and collecting payments from its customers. A higher turnover ratio typically indicates that the company is collecting its outstanding receivables more quickly.

Looking at the data provided:
- The receivables turnover ranged from a low of 8.40 on December 31, 2021, to a high of 13.98 on June 30, 2022.
- The ratio increased to above 10 in the latter half of 2022, with peaks observed on June 30, 2022, and June 30, 2023.
- The ratio decreased again in the first half of 2024 but remained above 10, indicating continued efficiency in collecting receivables.

Overall, despite some fluctuations, the company has generally maintained a healthy receivables turnover ratio, which suggests that Kontoor Brands Inc has been effective in managing its accounts receivable and converting credit sales into cash. Further monitoring of this ratio will be essential to assess the company's ongoing performance in managing its receivables effectively.