Perrigo Company PLC (PRGO)

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	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Receivables	US$ in thousands	726,000	780,000	739,600	737,800	754,100	—	697,100	—	—	—	652,900	—	—	—	—	—	—	—	—	—
Receivables turnover		6.10	5.84	6.29	6.31	6.14	—	6.39	—	—	—	6.34	—	—	—	—	—	—	—	—	—

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,428,700K ÷ $726,000K
= 6.10

The receivables turnover for Perrigo Company PLC has shown consistency and stability over the past periods, with the ratio ranging between 5.84 and 6.39. This indicates that, on average, the company is able to convert its accounts receivable into cash approximately six times a year. A higher receivables turnover ratio generally suggests that the company efficiently collects payment from its customers and manages its credit policies effectively. The sustained levels of the receivables turnover ratio for Perrigo indicate a healthy liquidity position and effective credit management practices.