Post Holdings Inc (POST)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,991,000 | 5,851,200 | 4,980,700 | 4,711,000 | 5,681,100 |
| Receivables | US$ in thousands | 512,400 | 544,200 | 452,400 | 441,600 | 445,100 |
| Receivables turnover | 13.64 | 10.75 | 11.01 | 10.67 | 12.76 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,991,000K ÷ $512,400K
= 13.64
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. Post Holdings Inc's receivables turnover has shown some fluctuation over the past five years. In 2023, the receivables turnover ratio increased to 13.64 from 10.75 in the previous year. This suggests that Post Holdings Inc was able to collect payments from its customers more frequently in 2023 compared to 2022. This may indicate an improvement in the company's credit policies, collection efforts, or the quality of its customer base. However, it is important to note that receivables turnover can be influenced by industry norms and specific business dynamics, so it should be considered in conjunction with other financial metrics when evaluating the company's overall financial performance.
Peer comparison
Sep 30, 2023