McKesson Corporation (MCK)
Receivables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 308,743,000 | 301,155,000 | 290,742,000 | 283,832,000 | 276,496,000 | 273,874,000 | 272,026,000 | 268,122,000 | 263,687,000 | 256,729,000 | 250,755,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,203,000 | 231,016,000 | 231,082,000 | 224,976,000 | 222,003,000 | 217,457,000 |
| Receivables | US$ in thousands | 21,622,000 | 23,066,000 | 22,494,000 | 21,860,000 | 19,410,000 | 20,537,000 | 20,109,000 | 19,900,000 | 18,583,000 | 18,355,000 | 20,140,000 | 20,198,000 | 19,181,000 | 18,877,000 | 19,285,000 | 17,768,000 | 19,950,000 | 18,831,000 | 18,984,000 | 19,287,000 |
| Receivables turnover | 14.28 | 13.06 | 12.93 | 12.98 | 14.25 | 13.34 | 13.53 | 13.47 | 14.19 | 13.99 | 12.45 | 12.14 | 12.42 | 12.59 | 12.14 | 13.00 | 11.58 | 11.95 | 11.69 | 11.27 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $308,743,000K ÷ $21,622,000K
= 14.28
The receivables turnover ratio for McKesson Corporation has fluctuated over the past few quarters. The ratio indicates how many times a company collects its average accounts receivable balance over a certain period.
From March 2024 to December 2019, the receivables turnover ratio ranged from 11.27 to 14.28. The highest turnover ratio of 14.28 was observed in March 2024, indicating that McKesson was efficient in collecting outstanding receivables during that period.
Overall, the trend in the receivables turnover ratio shows some variability but generally indicates that McKesson has been effective in managing its accounts receivable and collecting payments from customers in a timely manner. It is important to continue monitoring this ratio to ensure the company's liquidity and cash flow remain healthy.
Peer comparison
Mar 31, 2024