Sovos Brands Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2023 to a ratio of 11.46, this represents a new company high. This is a clear indication for improving liquidity at Sovos Brands Inc's clients. Average collection period, for Sovos Brands Inc's accounts receivable remained unchanged at 32 days, in the Dec 30 2023 quarter.

If we take a look into Consumer Non Cyclical sector 83 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 30 2023 from 1138 to 1195.

What is Receivable Turnover Ratio?
What is Sovos Brands Inc Selling?

What is Receivable Turnover Ratio?

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SOVO Receivables Turnover Ratio	(Dec 30 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jul 01 2023) II. Quarter	(Apr 01 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	11.36 %	15.48 %	-8.14 %	12.86 %	23.99 %
Y / Y Revenue Change	11.6 %	23.26 %	9.76 %	20.42 %	38.5 %
Receivable Turnover Ratio (TTM)	11.46	11.43	11.3	10.87	10.7
SOVO's Total Ranking	# 1195	# 1138	# 1217	# 1217	# 1217
Accounts Receivable average collection period days	32	32	32	34	34
Seq. Receivable Change	0.71 %	42.82 %	-27.35 %	6.56 %	4.44 %
Seq. Revenue Change	13.59 %	18.82 %	-14.27 %	-3.55 %	25.46 %

Receivable Turnover Company Ranking
Within:	No.
Food Processing Industry	# 26
Consumer Non Cyclical Sector	# 84
Overall Market	# 1195

Receivable Turnover Ratio Statistics
High	Average	Low
11.46	9.45	5.3
(Dec 30 2023)		(Jun 25 2022)

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

Financial Statements
Sovos Brands Inc's Accounts Receivable	$ 98 Millions	Visit SOVO's Balance sheet
Sovos Brands Inc's Sales TTM	$ 1,019 Millions	Visit SOVO's Income Statement
Sources of SOVO's Revenues		Visit SOVO's Sales by Geography

Other Accounts Receivable Turnover Ratios
Food Processing Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SOVO's Receivable Turnover Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 30 2023, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 30 2023	Receivable at quarter ending Dec 30 2023
Dswiss Inc	28.03	$ 1.359 Millions	$ 0.048 Millions
Smart For Life Inc	24.53	$ 8.226 Millions	$ 0.335 Millions
Healthy Extracts Inc	23.43	$ 2.486 Millions	$ 0.106 Millions
Naturalshrimp Incorporated	22.87	$ 0.418 Millions	$ 0.018 Millions
Bunge Global Sa	22.71	$ 59,540.000 Millions	$ 2,622.250 Millions
Biote Corp	22.49	$ 185.360 Millions	$ 8.242 Millions
Brewbilt Brewing Company	22.24	$ 0.503 Millions	$ 0.023 Millions
Tyson Foods Inc	22.01	$ 52,940.000 Millions	$ 2,405.750 Millions
The Boston Beer Company Inc	21.89	$ 2,008.625 Millions	$ 91.750 Millions
Archer daniels midland Co	21.77	$ 93,935.000 Millions	$ 4,314.000 Millions
Educational Development Corporation	21.75	$ 57.042 Millions	$ 2.623 Millions
Treehouse Foods Inc	20.70	$ 3,431.100 Millions	$ 165.750 Millions
Coca Cola Femsa Sab De Cv	20.63	$ 12,009.140 Millions	$ 582.120 Millions
Rlx Technology Inc	20.50	$ 174.608 Millions	$ 8.519 Millions
Cbdmd Inc	19.93	$ 23.446 Millions	$ 1.176 Millions
Edgewell Personal Care Company	18.13	$ 2,271.400 Millions	$ 125.250 Millions
Senestech Inc	17.81	$ 1.193 Millions	$ 0.067 Millions
Cirtran Corporation	17.72	$ 1.616 Millions	$ 0.091 Millions
Yatsen Holding Limited	17.14	$ 479.994 Millions	$ 28.008 Millions
Brc Inc	16.92	$ 395.448 Millions	$ 23.376 Millions
Laird Superfood Inc	16.80	$ 33.313 Millions	$ 1.983 Millions
Dole Plc	16.61	$ 8,245.268 Millions	$ 496.400 Millions
Cvr Partners Lp	16.55	$ 681.477 Millions	$ 41.184 Millions
Natural Alternatives International Inc	16.46	$ 135.791 Millions	$ 8.248 Millions
Andersons Inc	15.80	$ 14,750.112 Millions	$ 933.644 Millions
The Marzetti Company	15.52	$ 1,864.827 Millions	$ 120.129 Millions
South Dakota Soybean Processors Llc	15.34	$ 701.527 Millions	$ 45.738 Millions
The Campbells Company	15.34	$ 9,271.000 Millions	$ 604.500 Millions
Hormel Foods Corporation	15.11	$ 12,135.929 Millions	$ 803.035 Millions
Procter and Gamble Co	14.84	$ 83,933.000 Millions	$ 5,657.000 Millions

Date modified: 2026-09-08T15:11:11+00:00

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