Boston Beer Company Inc (SAM)
Receivables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,008,625 | 2,062,428 | 2,057,282 | 2,070,221 | 2,090,334 | 1,990,903 | 1,956,093 | 1,942,655 | 2,057,622 | 2,170,465 | 2,101,614 | 1,950,947 | 1,736,432 | 1,576,795 | 1,462,469 | 1,328,738 | 1,249,824 | 1,173,746 | 1,102,150 | 1,056,843 |
| Receivables | US$ in thousands | 68,708 | 87,977 | 118,815 | — | 66,798 | 96,601 | 126,113 | 154,160 | 108,440 | 124,040 | 126,354 | 109,157 | 88,751 | 96,850 | 102,755 | 67,076 | 63,863 | 74,667 | 79,049 | 55,358 |
| Receivables turnover | 29.23 | 23.44 | 17.32 | — | 31.29 | 20.61 | 15.51 | 12.60 | 18.97 | 17.50 | 16.63 | 17.87 | 19.57 | 16.28 | 14.23 | 19.81 | 19.57 | 15.72 | 13.94 | 19.09 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,008,625K ÷ $68,708K
= 29.23
The receivables turnover ratio for Boston Beer Company Inc has shown some variability over the past few quarters. The ratio measures how efficiently the company is collecting on its accounts receivable.
In the most recent quarter, the receivables turnover stood at 29.23, indicating that the company collected its outstanding receivables approximately 29.23 times during the period. This represents a significant improvement from the previous quarter's turnover of 23.44.
Looking back over the past few years, there have been fluctuations in the receivables turnover ratio, with some quarters showing stronger performance than others. Generally, a higher turnover ratio is preferable as it indicates faster collection of receivables and better liquidity.
It is important for Boston Beer Company Inc to consistently monitor and manage its receivables turnover to ensure timely collection of outstanding payments and maintain healthy cash flow levels. A high turnover ratio can also signal strong customer credit policies and efficient collection procedures.
Peer comparison
Dec 31, 2023