Mondelez International Inc (MDLZ)

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	36,016,000	35,397,000	34,131,000	32,898,000	31,496,000	30,459,000	29,878,000	29,246,000	28,720,000	28,360,000	27,843,000	27,112,000	26,581,000	26,196,000	25,886,000	26,037,000	25,868,000	25,728,000	25,661,000	25,711,000
Receivables	US$ in thousands	4,512,000	4,291,000	3,785,000	4,312,000	3,907,000	3,503,000	3,182,000	3,692,000	3,188,000	3,329,000	2,913,000	3,315,000	2,954,000	3,056,000	2,610,000	3,298,000	2,927,000	3,175,000	2,891,000	3,536,000
Receivables turnover		7.98	8.25	9.02	7.63	8.06	8.70	9.39	7.92	9.01	8.52	9.56	8.18	9.00	8.57	9.92	7.89	8.84	8.10	8.88	7.27

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $36,016,000K ÷ $4,512,000K
= 7.98

The receivables turnover ratio for Mondelez International Inc. has fluctuated over the past eight quarters, ranging from a low of 7.63 in Q1 2023 to a high of 9.39 in Q2 2022. The average receivables turnover ratio over this period is approximately 8.47.

A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally a positive sign as it implies efficient management of receivables. Conversely, a lower ratio may suggest that the company is struggling to collect payments from its customers in a timely manner.

It is important to monitor the trend of the receivables turnover ratio over time to assess whether Mondelez International Inc. is improving its collection processes and effectively managing its accounts receivable. Additionally, comparing the company's ratio to industry benchmarks and competitors can provide further insights into its performance in this area.