Vestis Corporation (VSTS)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,842,513 | 2,825,286 | 2,792,558 | 2,762,895 | |||
| Receivables | US$ in thousands | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,842,513K ÷ $—K
= —
To calculate Vestis Corporation's receivables turnover, we need both the net credit sales and the average accounts receivable for the period. Unfortunately, without this information provided in the table, we are unable to compute the receivables turnover ratio for the specified periods.
Receivables turnover is a key financial ratio that measures how efficiently a company is collecting on its credit sales. A higher turnover ratio indicates that the company is collecting its outstanding receivables more quickly, which is generally a positive sign of liquidity and efficient operations.
Without the necessary data, a thorough analysis of Vestis Corporation's receivables turnover performance cannot be conducted.
Peer comparison
Dec 31, 2023