Premier Inc (PINC)

Receivables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,346,360	1,336,100	1,432,900	1,721,150	1,299,590
Receivables	US$ in thousands	126,694	115,295	114,129	141,447	135,063
Receivables turnover		10.63	11.59	12.56	12.17	9.62

June 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,346,360K ÷ $126,694K
= 10.63

Premier Inc's receivables turnover has shown a declining trend over the past five years, decreasing from 12.17 in June 2021 to 10.63 in June 2024. This indicates that the company is taking longer to collect its accounts receivable. A lower receivables turnover ratio may suggest inefficiencies in the company's credit policy or difficulties in collecting payment from customers. It is essential for Premier Inc to closely monitor its accounts receivable management to ensure timely collection and maintain healthy cash flows.

Peer comparison

Jun 30, 2024

Company name

Symbol

Receivables turnover

Premier Inc

PINC

10.63