Perrigo Company PLC (PRGO)

Receivables turnover

Sep 30, 2024 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
Revenue (ttm) US$ in thousands 4,392,400 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
Receivables US$ in thousands 785,900 726,000 780,000 739,600 737,800 754,100 697,100 652,900
Receivables turnover 5.59 6.10 5.84 6.29 6.31 6.14 6.39 6.34

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,392,400K ÷ $785,900K
= 5.59

The receivables turnover ratio for Perrigo Company PLC has shown some fluctuations over the reporting periods. The ratio has ranged from 5.59 to 6.39 times over the most recent quarters. The higher the receivables turnover ratio, the faster the company is able to collect payments from its customers. A higher turnover ratio indicates that the company's credit policies are effective, and it is efficient in collecting outstanding receivables.

Perrigo's receivables turnover ratio has generally been within a relatively consistent range, indicating a stable trend in the company's collection of accounts receivable. However, the fluctuation in the ratio can be further analyzed to identify any potential reasons for the variations. A stable and healthy receivables turnover ratio is important for maintaining liquidity and efficient working capital management.


Peer comparison

Sep 30, 2024