The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Procter & Gamble Co's Revenue for the
three
months ended in Mar. 2024 was $20,195 Mil. Procter & Gamble Co's average Accounts Receivable for the
three
months ended in Mar. 2024 was $6,229 Mil.
Hence, Procter & Gamble Co's Receivables Turnover for the
three
months ended in Mar. 2024 was 3.24.
Procter & Gamble Co Receivables Turnover Historical Data
The historical data trend for Procter & Gamble Co's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Procter & Gamble Co's Receivables Turnover
For the Household & Personal Products subindustry, Procter & Gamble Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Procter & Gamble Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Procter & Gamble Co's Receivables Turnover falls into.
Procter & Gamble Co Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Procter & Gamble Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Procter & Gamble Co (NYSE:PG) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Procter & Gamble Co Receivables Turnover Related Terms
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Procter & Gamble Co (Procter & Gamble Co) Business Description
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.
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