Performance Food Group Co (PFGC)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 59,088,600 | 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 |
| Receivables | US$ in thousands | 2,691,900 | 2,524,800 | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | — | 2,241,800 | — | 2,341,400 | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 21.95 | 23.10 | 23.67 | 24.41 | 23.85 | 23.37 | — | 25.02 | — | 21.66 | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $59,088,600K ÷ $2,691,900K
= 21.95
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher receivables turnover ratio indicates that the company is able to collect payments more quickly, which is generally a positive sign.
Analyzing the receivables turnover data provided for Performance Food Group Co, we can see that the ratio was not available ("—") for the periods up to March 2022. Starting from June 2022, the receivables turnover ratio was 21.66 times, indicating that the company collected its outstanding receivables 21.66 times during that period.
The receivables turnover ratio increased to 25.02 by December 2022, showing an improvement in the company's ability to collect payments efficiently. The ratio fluctuated slightly in the subsequent periods, reaching 21.95 by December 2024.
Overall, Performance Food Group Co's receivables turnover ratio has shown some variability, but generally remained within a reasonable range. It is important for the company to continue monitoring its receivables turnover and strive to maintain an optimal balance between collecting payments promptly and maintaining good customer relationships.
Peer comparison
Dec 31, 2024