Performance Food Group Co (PFGC)
Receivables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 19,678,100 |
| Receivables | US$ in thousands | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | — | 2,241,800 | — | 2,341,400 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 23.67 | 24.41 | 23.85 | 23.37 | — | 25.02 | — | 21.66 | — | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $57,726,600K ÷ $2,439,200K
= 23.67
Performance Food Group Co's receivables turnover has been relatively stable over the periods for which data is available. The ratio ranged from 21.66 to 25.02, indicating that, on average, the company collects its accounts receivable approximately 23 times a year. A higher receivables turnover ratio suggests that the company is efficient in collecting its outstanding receivables, which is generally a positive indicator of liquidity and operating efficiency.
Overall, based on the data provided, Performance Food Group Co's receivables turnover appears to be healthy and consistent, reflecting effective management of its accounts receivable.
Peer comparison
Mar 31, 2024