Procter & Gamble Company (PG)
Receivables turnover
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 84,284,000 | 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 |
| Receivables | US$ in thousands | 6,185,000 | 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 |
| Receivables turnover | 13.63 | 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 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $84,284,000K ÷ $6,185,000K
= 13.63
The receivables turnover ratio for Procter & Gamble exhibits notable fluctuations over the period from September 2020 through June 2025. In September 2020, the ratio stood at 14.37, indicating a relatively efficient collection process. The ratio increased during the subsequent quarters, reaching a peak of 16.11 in June 2021, suggesting an improvement in receivables collection efficiency during that period.
However, a decline followed, with the ratio falling to 13.62 by September 2021 and fluctuating within a narrow range thereafter. Notably, from December 2021 onward, the ratio hovered approximately between 13.25 and 15.59, without exhibiting drastic changes. The highest value within this period was 15.59 in June 2022, while the lowest was 13.25 in December 2023.
Overall, the data indicates relative stability in receivables management, with minor cyclical variations. The ratios suggest that Procter & Gamble maintains a consistent collection cycle, averaging around 14 to 15 times annually. Slight declines observed towards the later years may point to minor deterioration in receivables collection efficiency or changes in credit policies. Conversely, periods of increase reflect periods of improved collections or tighter credit control.
In conclusion, Procter & Gamble's receivables turnover demonstrates a steady management of receivables with periodic fluctuations, maintaining a generally stable collection efficiency throughout the analyzed timeframe.
See also:
Procter & Gamble Company Receivables Turnover (Quarterly Data)