Kenvue Inc. (KVUE)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,291,000 | |||
| Receivables | US$ in thousands | 2,073,000 | 2,109,000 | 2,096,000 | — |
| Receivables turnover | 7.38 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,291,000K ÷ $2,073,000K
= 7.38
The receivables turnover of Kenvue Inc. for the year ended December 31, 2023, is calculated to be approximately 7.38. This ratio signifies that, on average, Kenvue Inc. collected its accounts receivable 7.38 times during the year. A higher receivables turnover indicates a more efficient management of accounts receivable, suggesting that Kenvue Inc. successfully converts its credit sales into cash. This improved turnover may reflect the company's effective credit policies, timely collection efforts, and possibly a stronger customer base. Additionally, a consistent and stable receivables turnover ratio throughout the year generally signifies that the company is effectively managing its accounts receivable and maintaining a healthy cash flow position.
Peer comparison
Dec 31, 2023