Procter & Gamble Company (PG)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 83,927,000 | 84,346,000 | 83,905,000 | 84,039,000 | 84,060,000 | 83,933,000 | 83,265,000 | 82,006,000 | 80,968,000 | 80,281,000 | 80,461,000 | 80,187,000 | 79,618,000 | 78,346,000 | 77,138,000 | 76,118,000 | 74,870,000 | 73,975,000 | 72,470,000 | 70,950,000 |
| Receivables | US$ in thousands | 6,139,000 | 6,234,000 | 6,314,000 | 6,118,000 | 6,124,000 | 6,334,000 | 6,215,000 | 5,471,000 | 5,471,000 | 5,767,000 | 5,720,000 | 5,143,000 | 5,513,000 | 5,241,000 | 5,662,000 | 4,725,000 | 4,861,000 | 4,819,000 | 5,043,000 | 4,178,000 |
| Receivables turnover | 13.67 | 13.53 | 13.29 | 13.74 | 13.73 | 13.25 | 13.40 | 14.99 | 14.80 | 13.92 | 14.07 | 15.59 | 14.44 | 14.95 | 13.62 | 16.11 | 15.40 | 15.35 | 14.37 | 16.98 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $83,927,000K ÷ $6,139,000K
= 13.67
The receivables turnover ratio for Procter & Gamble (P&G) has exhibited a relatively stable trend over the analyzed period from June 30, 2020, to March 31, 2025. At the beginning of the period, the ratio was approximately 16.98, indicating that P&G collected its accounts receivable about 17 times annually.
Throughout the subsequent quarters, the ratio showed some fluctuations. Notably, the ratio declined somewhat during the second half of 2020 and into 2021, reaching a low of 13.62 by September 30, 2021. This dip suggests a slight loosening in the collection of receivables during this period.
Following this low point, the ratio gradually increased, peaking again at around 16.11 on June 30, 2021, before experiencing minor declines and stabilizing in the vicinity of 13 to 15. During 2022 and 2023, the ratio ranged mainly between approximately 13.25 and 15. This indicates that P&G maintained relatively consistent receivables collection efficiency, with no significant deterioration or improvement.
In the most recent quarters, the ratio has hovered around 13.3 to 13.7, suggesting a stable but modestly lower collection frequency compared to the earlier years. This slight decline may reflect changes in credit policy, customer payment terms, or shifts in sales composition.
Overall, the receivables turnover indicates that P&G manages its receivables with consistent efficiency, averaging around 13 to 15 times per year. The minor fluctuations could be attributed to seasonal factors, operational adjustments, or macroeconomic conditions affecting customer payment behavior. The stability of this ratio over time underscores the company's effective receivables management and credit policies.
See also:
Procter & Gamble Company Receivables Turnover (Quarterly Data)