Procter & Gamble Company (PG)

Receivables turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	70,346,000	69,594,000	68,792,000
Receivables	US$ in thousands	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	4,640,000	5,196,000	5,143,000
Receivables turnover		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	15.16	13.39	13.38

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $84,039,000K ÷ $6,118,000K
= 13.74

The receivables turnover ratio for Procter & Gamble Company has been relatively stable over the past few quarters, averaging around 14 to 16 times annually. This indicates that on average, the company collects its accounts receivable approximately 14 to 16 times within a year.

A higher receivables turnover ratio typically suggests that the company is efficient in collecting outstanding receivables from its customers, which is a positive sign of effective credit management. On the other hand, a lower turnover ratio may indicate potential issues with collection practices or an accumulation of overdue receivables.

Overall, the consistent range of the receivables turnover ratio for Procter & Gamble Company suggests that the company has been effective in managing its accounts receivable and collecting payments from customers in a timely manner.