Covetrus Inc.'s ability to collect accounts receivable sequentially worsen to 7.73, indicating more challenging environment then in the first quarter 2022, but still, it is a far cry from any concerns. Covetrus's Accounts Receivable average collection period in the Jun 30 2022 quarter, has increased to 47 days, from 46 days, in the Mar 31 2022 quarter.

If we take a look into Retail sector 158 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2022 from 251 to 1770.

What is Receivable Turnover Ratio?
What is Covetrus Inc. Selling?

What is Receivable Turnover Ratio?

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CVET Receivables Turnover Ratio	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter	(Dec 31 2021) IV. Quarter	(Sep 30 2021) III. Quarter	(Jun 30 2021) II. Quarter
Y / Y Receivable Change	10.07 %	3.64 %	-3.31 %	-1.9 %	9.36 %
Y / Y Revenue Change	2.35 %	4.17 %	0.09 %	3.2 %	15.89 %
Receivable Turnover Ratio (TTM)	7.73	7.88	7.87	7.81	7.71
CVET's Total Ranking	# 1770	# 251	# 1766	# 532	# 1763
Accounts Receivable average collection period days	47	46	46	47	47
Seq. Receivable Change	4.63 %	12.97 %	-2.29 %	-4.7 %	-1.49 %
Seq. Revenue Change	6.01 %	2.32 %	-3.44 %	-2.27 %	7.89 %

Receivable Turnover Company Ranking
Within:	No.
Pharmacy Services & Retail Drugstore Industry	# 15
Retail Sector	# 159
Overall Market	# 1770

Receivable Turnover Ratio Statistics
High	Average	Low
7.88	6.85	3.84
(Mar 31 2022)		(Jun 30 2020)

CVET Company Profile • Back to CVET Efficiency Comparisons • Compare CVET Receivables Turnover Ratio to its Competitors

Financial Statements
Covetrus's Accounts Receivable	$ 656 Millions	Visit CVET's Balance sheet
Covetrus's Sales TTM	$ 4,649 Millions	Visit CVET's Income Statement
Sources of CVET's Revenues		Visit CVET's Sales by Geography

Other Accounts Receivable Turnover Ratios
Pharmacy Services & Retail Drugstore Industry Accounts Receivable Turnover Trends and Statistics
Retail Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CVET's Receivable Turnover Ratio versus Pharmacy Services & Retail Drugstore Industry, Retail Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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CVET's Profitability Ratios	CVET's Roi	CVET's Asset Turnover Ratio	CVET's Dividend Growth
CVET's Valuation Ratios	CVET's Roe	CVET's Financial Strength Ratios	CVET's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2022, within Retail Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2022	Receivable at quarter ending Jun 30 2022
Cardinal Health Inc	18.36	$ 181,364.000 Millions	$ 9,880.500 Millions
Firstcash Holdings Inc	17.42	$ 2,208.903 Millions	$ 126.817 Millions
Evo Transportation and Energy Services Inc	17.42	$ 306.370 Millions	$ 17.591 Millions
Domino s Pizza Inc	17.39	$ 4,417.534 Millions	$ 254.042 Millions
Playboy Inc	16.69	$ 288.847 Millions	$ 17.309 Millions
Unrivaled Brands Inc	16.58	$ 74.580 Millions	$ 4.498 Millions
Titan Machinery Inc	16.39	$ 1,480.553 Millions	$ 90.342 Millions
Party City Holdco Inc	15.98	$ 2,168.932 Millions	$ 135.691 Millions
Designer Brands Inc	15.68	$ 3,365.955 Millions	$ 214.599 Millions
Charles and Colvard Ltd	15.52	$ 43.089 Millions	$ 2.776 Millions
Rite Aid Corp	15.51	$ 24,421.853 Millions	$ 1,574.980 Millions
The Odp Corporation	15.18	$ 8,025.000 Millions	$ 528.750 Millions
Amazon com Inc	15.09	$ 485,902.000 Millions	$ 32,202.250 Millions
Sysco Corporation	14.98	$ 68,635.524 Millions	$ 4,582.601 Millions
Mckesson Corporation	13.95	$ 268,446.000 Millions	$ 19,244.500 Millions
Suburban Propane Partners Lp	13.02	$ 1,472.075 Millions	$ 113.056 Millions
Pacific Sports Exchange Inc.	13.01	$ 0.035 Millions	$ 0.003 Millions
Live Ventures Inc	12.92	$ 283.675 Millions	$ 21.964 Millions
Chefs Warehouse Inc	12.55	$ 2,202.779 Millions	$ 175.570 Millions
Driven Brands Holdings Inc	12.42	$ 1,739.979 Millions	$ 140.112 Millions
Vince Holding Corp	12.33	$ 354.047 Millions	$ 28.709 Millions
Advance Auto Parts Inc	12.28	$ 11,057.840 Millions	$ 900.699 Millions
Tap Real Estate Technologies Inc	12.26	$ 1.115 Millions	$ 0.091 Millions
Blue Line Protection Group Inc	12.06	$ 3.941 Millions	$ 0.327 Millions
Cvs Health Corporation	11.91	$ 307,860.000 Millions	$ 25,849.500 Millions
Digital Brands Group Inc	11.66	$ 13.344 Millions	$ 1.145 Millions
Aiadvertising Inc	11.59	$ 6.065 Millions	$ 0.523 Millions
Greenlane Holdings Inc	11.25	$ 183.786 Millions	$ 16.339 Millions
Star Group L p	10.59	$ 1,928.779 Millions	$ 182.137 Millions
Winc Inc	10.59	$ 36.099 Millions	$ 3.409 Millions

Date modified: 2026-08-29T17:42:01+00:00

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