Vestis Corporation (VSTS)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Receivables | US$ in thousands | — | — | — | — |
| Receivables turnover | — | — | — | — |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,825,290K ÷ $—K
= —
To calculate Vestis Corporation's receivables turnover for each of the mentioned years, we would need two key pieces of financial information: net credit sales and average accounts receivable. Unfortunately, without these specific figures provided in the table, we are unable to determine the receivables turnover for the years ending in September 2020, 2021, 2022, and 2023. Receivables turnover is a crucial financial ratio that reflects how efficiently a company is managing its accounts receivable by converting them into cash. A high receivables turnover indicates that the company is collecting outstanding customer debts quickly, which is generally favorable. Conversely, a low turnover may indicate issues with collecting receivables promptly or inefficient credit policies. It would be beneficial to gather additional financial data to calculate and analyze Vestis Corporation's receivables turnover effectively across these years.
Peer comparison
Sep 30, 2023