Tyson Foods Inc (TSN)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,309,000 | 52,881,000 | 53,282,000 | 47,049,000 | 43,185,000 |
| Receivables | US$ in thousands | 2,406,000 | 2,476,000 | 2,577,000 | 2,400,000 | 1,952,000 |
| Receivables turnover | 22.16 | 21.36 | 20.68 | 19.60 | 22.12 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $53,309,000K ÷ $2,406,000K
= 22.16
Tyson Foods Inc's receivables turnover has shown a generally increasing trend over the past five years, indicating that the company has been more efficient in collecting cash from its credit sales. The receivables turnover ratio has increased from 22.12 in 2020 to 22.16 in 2024, suggesting that the company is managing its accounts receivables effectively.
A higher receivables turnover ratio signifies that Tyson Foods is collecting outstanding receivables quickly, which is a positive indicator of its liquidity and ability to convert credit sales into cash. This trend suggests that the company has strong credit policies in place and is effectively managing its accounts receivables.
Overall, Tyson Foods Inc's increasing receivables turnover ratio indicates that the company has been successful in optimizing its credit management processes and maintaining a healthy cash flow position through efficient collections.
Peer comparison
Sep 30, 2024