Performance Food Group Co (PFGC)
Receivables turnover
| Sep 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 58,332,900 | 57,726,600 | 57,641,400 | 57,250,300 | 57,036,700 | 56,769,700 | 56,087,400 | 55,037,800 | 50,708,000 | 45,431,800 | 39,564,100 | 33,577,600 | 30,246,500 | 26,716,500 | 26,516,600 | 25,751,700 | 24,969,400 | 25,115,200 | 22,822,200 | 21,379,700 |
| Receivables | US$ in thousands | 2,524,800 | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | — | 2,241,800 | — | 2,341,400 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 23.10 | 23.67 | 24.41 | 23.85 | 23.37 | — | 25.02 | — | 21.66 | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $58,332,900K ÷ $2,524,800K
= 23.10
Performance Food Group Co's receivables turnover has shown a generally consistent trend over the past quarters, ranging between 21.66 and 25.02. This indicates that the company is efficiently collecting its accounts receivable, on average, approximately 23 times a year. A higher receivables turnover ratio suggests a more efficient credit and collection process, which can be indicative of effective credit policies and strong customer relationships. It is important to monitor this ratio over time to ensure the company maintains its ability to effectively collect outstanding receivables.
Peer comparison
Sep 30, 2024
Company name
Symbol
Receivables turnover
Performance Food Group Co
PFGC
23.10
SpartanNash Co
SPTN
23.06
The Chefs Warehouse Inc
CHEF
10.15
United Natural Foods Inc
UNFI
31.27