US Foods Holding Corp (USFD)
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 | 35,334,000 | 34,920,000 | 34,768,000 | 34,604,000 | 33,806,000 | 32,948,000 | 31,936,000 | 30,778,000 | 29,252,000 | 27,747,000 | 25,692,000 | 22,580,000 | 22,648,000 | 23,445,000 | 24,148,000 | 26,052,000 | 25,755,000 | 24,877,000 | 24,499,940 | 30,367,940 |
| Receivables | US$ in thousands | 1,854,000 | 1,900,000 | 1,829,000 | — | 1,700,000 | — | — | — | 1,469,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 19.06 | 18.38 | 19.01 | — | 19.89 | — | — | — | 19.91 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $35,334,000K ÷ $1,854,000K
= 19.06
The receivables turnover ratio for US Foods Holding Corp has been relatively stable and consistently high over the past few quarters, reflecting the company's efficiency in collecting payments from customers. The average receivables turnover ratio for the periods with available data is approximately 19, indicating that the company collects its accounts receivable approximately 19 times a year. This suggests that US Foods Holding Corp is effectively managing its accounts receivable and converting credit sales into cash relatively quickly. Additionally, the trend of the receivables turnover ratio remaining consistently high further highlights the company's strong credit control and collection practices.
Peer comparison
Dec 31, 2023