Mondelez International Inc (MDLZ)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 | 25,868,000 |
| Receivables | US$ in thousands | 4,512,000 | 3,907,000 | 3,188,000 | 2,954,000 | 2,927,000 |
| Receivables turnover | 7.98 | 8.06 | 9.01 | 9.00 | 8.84 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $36,016,000K ÷ $4,512,000K
= 7.98
Receivables turnover measures how efficiently a company collects cash from its credit sales over a specific period. Mondelez International Inc.'s receivables turnover has fluctuated in recent years, ranging from 7.98 to 9.01. A higher turnover ratio indicates better efficiency in collecting receivables.
Mondelez's receivables turnover decreased slightly from 8.06 in 2022 to 7.98 in 2023. While this decrease may raise concerns about the company's ability to collect receivables promptly, the ratio remains above 7. This suggests that Mondelez is still collecting its receivables efficiently, despite the slight decrease in turnover.
Comparing Mondelez's receivables turnover to industry benchmarks and its historical performance can provide additional insights into the company's collection efficiency and overall financial health. Further analysis of the company's credit policies, customer payment trends, and industry economic conditions may also be necessary to gain a comprehensive understanding of its receivables management.
Peer comparison
Dec 31, 2023