McDonald’s Corporation (MCD)

Receivables turnover

		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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	25,493,700	25,014,000	24,193,900	23,414,800	23,182,600	23,265,200	23,594,400	23,763,900	23,222,900	22,527,600	21,744,400	19,618,000	19,207,800	19,243,000	19,327,200	20,975,500	21,285,200	21,099,200	20,966,300	20,910,400
Receivables	US$ in thousands	2,488,000	2,247,100	2,193,600	2,075,500	2,115,000	1,889,900	1,836,700	1,674,100	1,872,400	1,828,500	1,808,300	1,733,700	2,110,300	2,391,800	2,852,600	1,695,300	2,224,200	2,005,300	2,055,000	1,992,700
Receivables turnover		10.25	11.13	11.03	11.28	10.96	12.31	12.85	14.20	12.40	12.32	12.02	11.32	9.10	8.05	6.78	12.37	9.57	10.52	10.20	10.49

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,493,700K ÷ $2,488,000K
= 10.25

The receivables turnover ratio for McDonald's Corp has been relatively stable over the past eight quarters, ranging from 10.25 to 14.20. This ratio indicates how efficiently the company collects outstanding payments from its customers during a specific period.

A higher receivables turnover ratio suggests that McDonald's is collecting payments from its customers more quickly, which is generally a positive sign of efficient operations. However, the ratio has slightly fluctuated over the quarters, indicating some variability in the company's collection efficiency.

Overall, McDonald's receivables turnover ratio has hovered around the 10 to 14 range, reflecting the company's ability to manage its accounts receivable effectively. It is important for McDonald's to continue monitoring and managing its receivables turnover to ensure timely collection of outstanding payments from customers.