Boston Beer Company Inc (SAM)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,012,930 | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 |
| Receivables | US$ in thousands | 68,104 | 68,708 | 66,798 | 108,440 | 88,751 |
| Receivables turnover | 29.56 | 29.23 | 31.29 | 18.97 | 19.57 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,012,930K ÷ $68,104K
= 29.56
The receivables turnover ratio for Boston Beer Company Inc has shown a generally positive trend over the past five years. In December 31, 2020, the company had a receivables turnover ratio of 19.57, indicating that it collected its accounts receivable approximately 19.57 times during the year.
In the following year, December 31, 2021, the receivables turnover ratio slightly decreased to 18.97, suggesting a slight slowdown in collections efficiency. However, the ratio substantially increased in the subsequent years, reaching 31.29 on December 31, 2022, showing a significant improvement in the company's ability to collect receivables.
On December 31, 2023, the receivables turnover ratio remained high at 29.23, indicating the company's continued effectiveness in converting receivables into cash. By December 31, 2024, the ratio slightly increased to 29.56, demonstrating a stable performance in receivables turnover.
Overall, the trend in Boston Beer Company Inc's receivables turnover ratio indicates an efficient management of accounts receivable and a consistent effort in collecting outstanding balances, which is crucial for maintaining healthy cash flows and liquidity.
Peer comparison
Dec 31, 2024