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.