Lamb Weston Holdings Inc (LW)
Receivables turnover
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,467,600 | 6,461,700 | 5,350,600 | 5,371,000 | 4,098,900 |
| Receivables | US$ in thousands | — | 743,600 | — | 724,200 | — |
| Receivables turnover | — | 8.69 | — | 7.42 | — |
May 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,467,600K ÷ $—K
= —
The receivables turnover ratio reflects how efficiently Lamb Weston Holdings Inc is collecting its accounts receivable. Looking at the data provided, the receivables turnover ratio was not calculable (n/a) for May 31, 2022 and May 31, 2023, but it improved significantly to 7.42 on May 28, 2023. This implies that the company was able to turn over its receivables approximately 7.42 times during the year, indicating a moderate improvement in collecting outstanding payments.
Furthermore, the receivables turnover ratio further increased to 8.69 on May 26, 2024, indicating that Lamb Weston Holdings Inc became even more efficient in collecting its receivables. This suggests that the company was able to collect outstanding payments more quickly, potentially due to better credit policies or effective collection efforts.
Overall, the trend in the receivables turnover ratio for Lamb Weston Holdings Inc is positive, showing enhancements in the company's ability to manage and collect its accounts receivable efficiently over the period analyzed.
Peer comparison
May 31, 2024