New York Times Company (NYT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,447,250 | 2,383,240 | 2,123,020 | 1,783,640 | 1,812,180 |
| Receivables | US$ in thousands | 242,488 | 217,533 | 232,908 | 183,692 | 213,402 |
| Receivables turnover | 10.09 | 10.96 | 9.12 | 9.71 | 8.49 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,447,250K ÷ $242,488K
= 10.09
The receivables turnover ratio for New York Times Co. has shown some fluctuation over the past 5 years. In 2023, the ratio stands at 10.01, slightly lower than the previous year's ratio of 10.61. This indicates that, on average, the company collected its accounts receivable 10.01 times during the year.
Despite the slight decrease in 2023, the trend over the 5-year period suggests that the company has been efficient in collecting its receivables. The ratio has generally been above 8, indicating a consistent ability to convert credit sales into cash.
While the ratio provides insights into how well the company manages its receivables, it is essential to consider other factors such as industry benchmarks and the company's specific circumstances to gain a more comprehensive understanding of its financial performance.
Peer comparison
Dec 31, 2023