Boston Beer Company Inc (SAM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Receivables | US$ in thousands | 68,708 | 66,798 | 108,440 | 88,751 | 63,863 |
| Receivables turnover | 29.23 | 31.29 | 18.97 | 19.57 | 19.57 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,008,620K ÷ $68,708K
= 29.23
The receivables turnover ratio for Boston Beer Company Inc has fluctuated over the past five years. In 2023, the receivables turnover ratio was 29.23, which indicates that the company collected its receivables approximately 29 times during the year. This represents a decrease from the previous year's ratio of 31.29.
The downward trend in the receivables turnover ratio may suggest that the company is taking longer to collect its accounts receivable, which could potentially impact its cash flow and liquidity. It is important for the company to monitor and manage its receivables effectively to ensure timely collections and optimize its working capital management. Further analysis and comparison to industry benchmarks may provide additional insights into the company's receivables management efficiency.
Peer comparison
Dec 31, 2023