JM Smucker Company (SJM)
Receivables turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,176,400 | 8,203,900 | 8,216,100 | 8,468,800 | 8,522,300 | 8,352,500 | 8,192,500 | 8,062,500 | 8,066,900 | 7,949,900 | 7,991,000 | 7,978,100 | 8,091,800 | 8,235,300 | 8,087,600 | 7,987,200 | 7,746,000 | 7,556,100 | 7,525,500 | 7,543,400 |
| Receivables | US$ in thousands | 736,500 | 789,600 | 587,900 | 592,400 | 597,600 | 533,900 | 609,500 | 605,000 | 524,700 | 563,200 | 659,100 | 566,000 | 533,700 | 604,900 | 577,000 | 497,600 | 551,400 | 477,300 | 522,400 | 473,700 |
| Receivables turnover | 11.10 | 10.39 | 13.98 | 14.30 | 14.26 | 15.64 | 13.44 | 13.33 | 15.37 | 14.12 | 12.12 | 14.10 | 15.16 | 13.61 | 14.02 | 16.05 | 14.05 | 15.83 | 14.41 | 15.92 |
April 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,176,400K ÷ $736,500K
= 11.10
The receivables turnover ratio for JM Smucker Company has been fluctuating over the past several periods. It indicates how efficiently the company is collecting its accounts receivable. A higher turnover ratio suggests a more effective collection process.
In the most recent period, the receivables turnover was 11.10, showing a decrease from the previous period's 10.39. This decline may indicate that the company took longer to collect its receivables during this period compared to the prior one.
Looking at the trend over the past two years, the receivables turnover ratio has shown variability, ranging from a low of 10.39 to a high of 16.05. The highest turnover ratio was observed in the July 2020 period, indicating that the company was particularly efficient in collecting its accounts receivable at that time.
Overall, the company's receivables turnover ratio has had ups and downs, suggesting potential changes in the company's receivables management efficiency. Further analysis and comparison with industry benchmarks may provide additional insights into the effectiveness of JM Smucker Company's accounts receivable management.