Tyson Foods Inc (TSN)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 53,309,000 | 53,092,000 | 52,879,000 | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 |
| Receivables | US$ in thousands | 2,406,000 | 2,389,000 | 2,358,000 | 2,263,000 | 2,476,000 | 2,451,000 | — | 2,295,000 | 2,577,000 | — | — | — | 2,400,000 | — | — | — | — | — | — | — |
| Receivables turnover | 22.16 | 22.22 | 22.43 | 23.39 | 21.36 | 21.73 | — | 23.36 | 20.68 | — | — | — | 19.60 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $53,309,000K ÷ $2,406,000K
= 22.16
Based on the receivables turnover data for Tyson Foods Inc provided in the table, the company's ability to collect its accounts receivable in a timely manner has shown consistency and improvement over the past reported periods.
The receivables turnover ratio, which measures how efficiently a company is managing its receivables, has generally been high, ranging from 19.60 to 23.39. A higher turnover ratio indicates that Tyson Foods is collecting its receivables more frequently during the year.
This consistent and relatively high level of receivables turnover indicates that Tyson Foods has been successful in efficiently managing its accounts receivable and converting credit sales into cash. It suggests effective credit and collection policies, as well as strong customer relationships.
However, it's worth noting that there are missing data points in the table, which may limit the ability to track trends across all reporting periods. In the absence of data for certain quarters, it is advisable to consider additional financial metrics and qualitative factors to gain a comprehensive understanding of Tyson Foods Inc's overall financial health and performance.
Peer comparison
Sep 30, 2024