The Marzetti Company (MZTI)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,909,120 | 1,871,760 | 1,822,530 | 1,676,390 | 1,467,070 |
| Receivables | US$ in thousands | 95,817 | 95,560 | 114,967 | 135,496 | 97,897 |
| Receivables turnover | 19.92 | 19.59 | 15.85 | 12.37 | 14.99 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,909,120K ÷ $95,817K
= 19.92
The receivables turnover ratio for The Marzetti Company demonstrates notable fluctuations over the specified periods. As of June 30, 2021, the ratio was 14.99, indicating the company collected its receivables approximately 15 times during the year. This metric declined to 12.37 by June 30, 2022, suggesting a slowdown in collection efficiency or an increase in receivables outstanding relative to revenue. Conversely, from June 30, 2022, to June 30, 2023, the ratio recovered to 15.85, reflecting an improvement in receivables management. The upward trend continued, with ratios reaching 19.59 in 2024 and marginally increasing to 19.92 in 2025. These increases indicate a progressive enhancement in collection effectiveness, implying that the company was able to convert receivables into cash more quickly in the more recent years. Overall, the data suggests a trend of improving receivables management, particularly notable from 2023 onward, which may positively impact cash flow and liquidity positions.
Peer comparison
Jun 30, 2025