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