New York Times Company (NYT)
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 | 2,447,254 | 2,433,332 | 2,378,510 | 2,374,424 | 2,349,012 | 2,289,467 | 2,293,080 | 2,202,166 | 2,138,222 | 2,037,156 | 1,911,179 | 1,814,559 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 | 1,812,184 | 1,820,004 | 1,804,823 | 1,783,125 |
| Receivables | US$ in thousands | 242,488 | 164,038 | 158,991 | 165,977 | 217,533 | 163,553 | 175,984 | 197,492 | 232,908 | 164,620 | 153,540 | 145,170 | 183,692 | 125,337 | 122,092 | 157,680 | 213,402 | 167,081 | 162,791 | 180,055 |
| Receivables turnover | 10.09 | 14.83 | 14.96 | 14.31 | 10.80 | 14.00 | 13.03 | 11.15 | 9.18 | 12.37 | 12.45 | 12.50 | 9.71 | 14.22 | 14.61 | 11.52 | 8.49 | 10.89 | 11.09 | 9.90 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,447,254K ÷ $242,488K
= 10.09
The receivables turnover ratio measures how efficiently New York Times Co. is collecting its accounts receivable during a particular period. A higher turnover ratio indicates that the company is collecting its outstanding balances more quickly.
Looking at the data provided:
- The receivables turnover ratio has been fluctuating over the last eight quarters, ranging from a low of 10.01 in Q4 2023 to a high of 14.89 in Q2 2023.
- The average receivables turnover ratio for the period is approximately 12.42, with a standard deviation of 2.01.
Key observations include:
1. In Q4 2023, the receivables turnover ratio was at its lowest point at 10.01, indicating a slower rate of collection compared to previous quarters.
2. The highest turnover ratio was recorded in Q2 2023 at 14.89, suggesting an efficient collection of receivables during that period.
3. Across the quarters, the company generally maintained a healthy level of receivables turnover, with only minor fluctuations.
Overall, New York Times Co. has demonstrated solid performance in managing its accounts receivable, with the turnover ratio consistently hovering around the average and occasionally reaching higher levels, indicating good efficiency in collecting outstanding payments. However, the company should monitor any significant deviations from the average to ensure effective credit management practices.
Peer comparison
Dec 31, 2023