The Wendy’s Co (WEN)
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 | 2,181,578 | 2,177,437 | 2,159,451 | 2,135,669 | 2,095,505 | 2,032,198 | 1,969,884 | 1,925,438 | 1,896,998 | 1,898,112 | 1,880,099 | 1,789,068 | 1,733,825 | 1,686,699 | 1,672,337 | 1,705,379 | 1,709,002 | 1,679,631 | 1,642,301 | 1,617,955 |
| Receivables | US$ in thousands | 126,967 | 138,064 | 142,590 | — | 116,426 | — | — | — | 119,540 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 17.18 | 15.77 | 15.14 | — | 18.00 | — | — | — | 15.87 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,181,578K ÷ $126,967K
= 17.18
The receivables turnover ratio for Wendy's Co has fluctuated over the eight quarters presented in the table. In Q4 2023, the receivables turnover ratio was 17.93, which indicates the company collected its accounts receivables approximately 17.93 times during that quarter. This is higher compared to the previous quarter (Q3 2023), where the ratio was 15.77.
Looking back over the past year, the ratio has ranged from a low of 14.27 in Q3 2022 to a high of 18.00 in Q4 2022. Overall, the receivables turnover ratio for Wendy's Co has shown some variability but has generally remained above 15, indicating that the company is efficient in collecting its accounts receivables. This trend suggests that Wendy's Co has been effectively managing its credit policies and collections processes, which is a positive sign for its financial health.
Peer comparison
Dec 31, 2023