Middleby Corp (MIDD)

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	4,045,311	4,087,831	4,100,051	4,073,671	4,060,947	3,867,263	3,691,937	3,487,110	3,250,492	3,110,772	2,927,752	2,590,956	2,510,357	2,571,587	2,661,076	2,950,103	2,959,446	2,928,492	2,917,809	2,824,933
Receivables	US$ in thousands	644,576	633,169	643,405	—	631,134	—	—	—	577,142	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		6.28	6.46	6.37	—	6.43	—	—	—	5.63	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,045,311K ÷ $644,576K
= 6.28

The receivables turnover for Middleby Corp has shown a relatively stable trend over the past quarters, averaging around 6.35 times a year. This indicates that, on average, Middleby Corp collects its accounts receivables approximately 6.35 times annually. A higher receivables turnover ratio suggests that the company is efficient in collecting outstanding receivables, which is a positive sign for its liquidity and cash flow management. It is worth noting that there are missing data points in the analysis, which may limit a comprehensive trend analysis over time.

Peer comparison

Dec 31, 2023

Company name

Symbol

Receivables turnover

Middleby Corp

MIDD

6.28

Hayward Holdings Inc

HAYW

3.28

Standex International Corporation