Packaging Corp of America (PKG)

Receivables turnover

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 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 7,717,200 7,752,600 7,939,800 8,213,600 8,363,200 8,305,800 8,173,700 7,815,000 7,480,100 7,299,000 6,993,000 6,658,500 6,572,600 6,578,400 6,634,200 6,855,700 6,877,900 6,904,500 6,989,000 8,786,200
Receivables US$ in thousands 1,037,500 1,045,200 1,023,900 1,031,400 1,067,500 1,118,900 1,212,000 1,140,700 1,078,400 1,078,100 981,400 908,600 837,500 864,600 823,400 879,500 872,100 941,800 958,400 930,300
Receivables turnover 7.44 7.42 7.75 7.96 7.83 7.42 6.74 6.85 6.94 6.77 7.13 7.33 7.85 7.61 8.06 7.79 7.89 7.33 7.29 9.44

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,717,200K ÷ $1,037,500K
= 7.44

Packaging Corp Of America's receivables turnover has shown relatively consistent performance over the past eight quarters, ranging from 6.94 to 8.06 times. The company's ability to convert its accounts receivables into cash has improved gradually since Q2 2022, peaking at 8.06 in Q1 2023. This indicates that the company has been efficient in collecting payments from its customers. The average receivables turnover ratio over this period is approximately 7.53 times, suggesting that the company typically collects payment from customers roughly 7.53 times a year. Overall, the trend in the receivables turnover ratio for Packaging Corp Of America demonstrates effective management of its accounts receivables.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
Packaging Corp of America
PKG
7.44
Graphic Packaging Holding Company
GPK
11.29
Smurfit WestRock plc
SW
Sonoco Products Company
SON
7.54