Sprouts Farmers Market LLC (SFM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,830,890 | 6,395,180 | 6,088,180 | 6,453,970 | 5,613,640 |
| Receivables | US$ in thousands | 30,313 | 16,108 | 21,574 | 14,815 | 15,713 |
| Receivables turnover | 225.35 | 397.02 | 282.20 | 435.64 | 357.26 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,830,890K ÷ $30,313K
= 225.35
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. In the case of Sprouts Farmers Market Inc, the trend in the receivables turnover ratio over the past five years indicates a fluctuating pattern:
- On Dec 31, 2023, the receivables turnover ratio was 126.92, reflecting a decrease from the previous year.
- On Jan 1, 2023, the receivables turnover ratio was 186.91, which was higher compared to the prior year.
- On Jan 2, 2022, the ratio was at 183.66, showing a slight decrease from the previous year.
- On Jan 3, 2021, the ratio increased significantly to 273.61 compared to the prior year.
- On Dec 29, 2019, the ratio reached the highest point among the presented years, standing at 358.61.
Overall, the receivables turnover ratio for Sprouts Farmers Market Inc has been volatile, with fluctuations observed annually. A higher turnover ratio indicates that the company is able to collect its receivables more quickly, which is generally seen as a positive sign of efficient operations. Conversely, a lower ratio may suggest that the company is taking longer to collect payments from its customers, potentially impacting its liquidity and cash flow.
Peer comparison
Dec 31, 2023