US Foods Holding Corp (USFD)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 37,788,000 | 37,164,000 | 36,440,000 | 35,662,000 | 35,254,000 | 34,840,000 | 34,688,000 | 34,524,000 | 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 |
| Receivables | US$ in thousands | 1,957,000 | 2,065,000 | 1,976,000 | 1,966,000 | 1,854,000 | 1,900,000 | 1,829,000 | — | 1,700,000 | — | — | — | 1,469,000 | — | — | — | — | — | — | — |
| Receivables turnover | 19.31 | 18.00 | 18.44 | 18.14 | 19.02 | 18.34 | 18.97 | — | 19.89 | — | — | — | 19.91 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $37,788,000K ÷ $1,957,000K
= 19.31
The receivables turnover ratio for US Foods Holding Corp has been relatively stable over the past few years. The company experienced a slight increase in receivables turnover from December 31, 2021, to March 31, 2023. However, there was a drop in the ratio from March 31, 2023, to September 30, 2024, followed by a slight recovery by December 31, 2024.
The average receivables turnover ratio during this period was approximately 18.65, indicating that, on average, US Foods Holding Corp collected its accounts receivable around 18.65 times per year. This suggests that the company has been efficient in converting its accounts receivable into cash.
A high receivables turnover ratio typically indicates that a company has effective credit and collection policies in place, allowing it to efficiently collect payments from its customers. On the other hand, a lower ratio may suggest potential issues with collecting receivables in a timely manner.
Overall, while there have been fluctuations in the receivables turnover ratio for US Foods Holding Corp, the average ratio indicates that the company has been relatively effective in managing its accounts receivable and collecting payments from customers.
Peer comparison
Dec 31, 2024