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