Tyson Foods Inc (TSN)
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 | 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 | 42,405,000 | 41,520,000 | 40,686,000 |
| Receivables | US$ in thousands | 2,263,000 | 2,476,000 | 2,451,000 | — | 2,295,000 | 2,577,000 | — | — | — | 2,400,000 | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 23.39 | 21.36 | 21.73 | — | 23.36 | 20.68 | — | — | — | 19.60 | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $52,940,000K ÷ $2,263,000K
= 23.39
The receivables turnover ratio for Tyson Foods Inc has shown a fluctuating trend over the past few quarters.
- In the latest quarter, the receivables turnover ratio stood at 23.39, indicating that the company collected its accounts receivables approximately 23.39 times during the period. This is a positive sign as it demonstrates the company's ability to efficiently manage its receivables.
- The ratio was relatively high in the previous quarters as well, with values of 21.36 and 21.73 in the preceding periods.
- There was missing data for the receivables turnover ratio in some quarters, indicating possible reporting inconsistencies or data unavailability for those periods.
- The trend of the receivables turnover ratio suggests that Tyson Foods Inc has been effective in converting its accounts receivables into cash, which is essential for maintaining liquidity and efficient working capital management.
Overall, the receivables turnover ratios for Tyson Foods Inc indicate a consistent effort to effectively monitor and collect on its accounts receivables in recent quarters.
Peer comparison
Dec 31, 2023