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Accounts Receivables Turnover Ratio from the second quarter 2024 to the second quarter
Quarterly Results, Trends, Rankings, Statistics
's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of 5.1, above the company average. This is a clear sign of healthy business climate in the Nonalcoholic Beverages industry and improving liquidity at their respective customers, during the second quarter 2024. Average receivable collection period, for the in Jun 30 2024 quarter, has decreased to 72 days, compared to 95 days, in the Sep 30 2023 quarter.
If we take a look into Consumer Non Cyclical sector achieved the highest receivable turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. .
What is Receivable Turnover Ratio?
What is Selling?
What is Receivable Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| LQR Receivables Turnover Ratio |
(Jun 30 2024)
II. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
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| Y / Y Receivable Change |
- |
- |
- |
- |
- |
| Y / Y Revenue Change |
- |
- |
- |
- |
- |
| Receivable Turnover Ratio (TTM) |
5.1 |
3.83 |
3.71 |
- |
- |
| LQR's Total
Ranking |
# |
# |
# |
# |
# |
| Average receivable collection period |
72 |
95 |
98 |
- |
- |
| Seq. Receivable Change |
100.44 % |
21.5 % |
118.38 % |
- |
- |
| Seq. Revenue Change |
227.2 % |
-10.74 % |
- |
- |
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| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 0 |
0 |
0 |
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| Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2024, within Consumer Non Cyclical Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Jun 30 2024 | Receivable at quarter ending Jun 30 2024 | | Central Garden and Pet Co | 7.33 | $ 3,279.906 Millions | $ 447.412 Millions | | Kenvue Inc | 7.21 | $ 15,475.000 Millions | $ 2,145.500 Millions | | Karbon x Corp | 7.17 | $ 0.412 Millions | $ 0.057 Millions | | Scotts Miracle gro Co | 6.93 | $ 3,420.300 Millions | $ 493.325 Millions | | United guardian Inc | 6.85 | $ 12.310 Millions | $ 1.798 Millions | | Celsius Holdings Inc | 6.84 | $ 1,488.497 Millions | $ 217.759 Millions | | Kellanova | 6.75 | $ 11,420.000 Millions | $ 1,691.000 Millions | | Constellation Brands Inc | 6.66 | $ 5,925.900 Millions | $ 889.300 Millions | | Molson Coors Beverage Company | 6.56 | $ 6,859.600 Millions | $ 1,045.150 Millions | | Better Choice Co Inc | 6.45 | $ 34.839 Millions | $ 5.400 Millions | | Jones Soda Co | 6.22 | $ 20.149 Millions | $ 3.241 Millions | | Steelcase Inc | 6.12 | $ 3,135.000 Millions | $ 512.375 Millions | | The Duckhorn Portfolio Inc | 6.12 | $ 353.411 Millions | $ 57.769 Millions | | Philip Morris International Inc | 5.94 | $ 28,188.000 Millions | $ 4,744.500 Millions | | Ingredion Incorporated | 5.90 | $ 7,714.000 Millions | $ 1,307.250 Millions | | Seaboard Corporation | 5.79 | $ 9,070.000 Millions | $ 1,566.000 Millions | | Monster Beverage Corp | 5.67 | $ 7,508.620 Millions | $ 1,324.207 Millions | | Universal Corporation | 5.60 | $ 2,574.763 Millions | $ 459.633 Millions | | Ecolab Inc | 5.52 | $ 15,634.200 Millions | $ 2,830.150 Millions | | Mgp Ingredients Inc | 5.52 | $ 785.728 Millions | $ 142.348 Millions | | The Davey Tree Expert Company | 4.88 | $ 1,763.404 Millions | $ 361.044 Millions | | Inter Parfums Inc | 4.61 | $ 1,362.093 Millions | $ 295.415 Millions | | Brown forman Corporation | 4.14 | $ 3,562.000 Millions | $ 860.000 Millions | | Planet Green Holdings Corp | 3.04 | $ 12.233 Millions | $ 4.019 Millions | | Cronos Group Inc | 2.95 | $ 76.154 Millions | $ 25.803 Millions | | Diageo Plc | 2.87 | $ 27,891.000 Millions | $ 9,720.000 Millions | | Cibus Inc | 2.63 | $ 2.055 Millions | $ 0.782 Millions | | Shineco Inc | 1.52 | $ 8.882 Millions | $ 5.844 Millions |
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