Lancaster Colony Corporation (LANC)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,871,715 | 1,873,707 | 1,867,196 | 1,858,674 | 1,822,639 | 1,820,249 | 1,758,808 | 1,709,841 | 1,676,360 | 1,609,326 | 1,563,081 | 1,509,669 | 1,466,850 | 1,402,355 | 1,366,451 | 1,346,534 | 1,334,351 | 1,337,167 | 1,333,704 | 1,328,187 |
| Receivables | US$ in thousands | 95,560 | 102,637 | 100,188 | 120,076 | 114,967 | 130,506 | 126,919 | 136,241 | 135,496 | 110,131 | 104,769 | 108,365 | 97,897 | 97,877 | 87,530 | 96,993 | 86,604 | 87,649 | 77,061 | 91,554 |
| Receivables turnover | 19.59 | 18.26 | 18.64 | 15.48 | 15.85 | 13.95 | 13.86 | 12.55 | 12.37 | 14.61 | 14.92 | 13.93 | 14.98 | 14.33 | 15.61 | 13.88 | 15.41 | 15.26 | 17.31 | 14.51 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,871,715K ÷ $95,560K
= 19.59
The receivables turnover ratio for Lancaster Colony Corporation has been fluctuating over the past few quarters. The ratio indicates how many times, on average, the company collects its accounts receivable during a specific period. A higher turnover ratio suggests that the company is efficient in collecting payments from its customers.
In the most recent quarter, the receivables turnover ratio was 19.59, showing an increase from the previous quarter's 18.26. This suggests that Lancaster Colony Corporation was more efficient in collecting payments from its customers in the current quarter. Furthermore, the ratio has shown an overall increasing trend over the past few quarters, indicating a consistent improvement in the company's accounts receivable collection efficiency.
However, it is important to note that the ratio can vary due to seasonal factors, changes in credit policies, or shifts in customer payment behaviors. Regular monitoring of the receivables turnover ratio is essential to assess the effectiveness of the company's credit and collection policies and overall financial health.
Peer comparison
Jun 30, 2024