The Marzetti Company (MZTI)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,909,122 | 1,886,520 | 1,900,130 | 1,876,745 | 1,871,759 | 1,873,595 | 1,867,084 | 1,858,562 | 1,822,527 | 1,820,279 | 1,758,838 | 1,709,871 | 1,676,390 | 1,609,543 | 1,563,298 | 1,509,886 | 1,467,067 | 1,402,355 | 1,366,469 | 1,346,571 |
| Receivables | US$ in thousands | 95,817 | 106,859 | 99,150 | 101,505 | 95,560 | 102,637 | 100,188 | 120,076 | 114,967 | 130,506 | 126,919 | 136,241 | 135,496 | 110,131 | 104,769 | 108,365 | 97,897 | 97,877 | 87,530 | 96,993 |
| Receivables turnover | 19.92 | 17.65 | 19.16 | 18.49 | 19.59 | 18.25 | 18.64 | 15.48 | 15.85 | 13.95 | 13.86 | 12.55 | 12.37 | 14.61 | 14.92 | 13.93 | 14.99 | 14.33 | 15.61 | 13.88 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,909,122K ÷ $95,817K
= 19.92
The receivables turnover ratio for The Marzetti Company experienced notable fluctuations over the analyzed period. Starting at 13.88 times as of September 30, 2020, the ratio generally trended upward, peaking at 19.92 times on June 30, 2025. This indicates an overall improvement in the company's efficiency in collecting accounts receivable.
In the earlier period (2020-2021), the ratio increased steadily from 13.88 to approximately 14.99, suggesting enhanced receivables management. The ratio maintained a relatively stable level around 14–15 times through most of 2021 and into early 2022, reflecting consistent collection performance.
From mid-2022 onward, there was a discernible upward trend, with the ratio rising sharply in 2023 and reaching 18.64 times as of December 31, 2023. This significant increase indicates a more rapid collection cycle, potentially attributable to improved credit policies or operational efficiencies.
The latest data points (2024–2025) continue this upward trend, with March 2024 at 18.25, June 2024 at 19.59, and the subsequent periods maintaining ratios near or above 19, culminating in 19.92 times in June 2025. Such high ratios imply that receivables are being collected more quickly, which could enhance cash flow and reduce credit risk.
Overall, the progression in receivables turnover ratios reflects a pattern of increasing efficiency in receivables management over the analyzed period. The upward trend suggests the company has adopted more effective credit and collection practices, leading to shorter receivable periods and improved liquidity.
Peer comparison
Jun 30, 2025