Performance Food Group Co (FRA:P5F) Receivables Turnover : 5.95 (As of Mar. 2024)

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What is Performance Food Group Co Receivables Turnover?

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. Performance Food Group Co's Revenue for the three months ended in Mar. 2024 was €12,749 Mil. Performance Food Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was €2,142 Mil. Hence, Performance Food Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.95.

Performance Food Group Co Receivables Turnover Historical Data

The historical data trend for Performance Food Group 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.

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Performance Food Group Co Receivables Turnover Chart

Performance Food Group Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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17.49

20.22

20.77

27.56

24.04

Performance Food Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.17	6.31	6.28	6.02	5.95

Competitive Comparison of Performance Food Group Co's Receivables Turnover

For the Food Distribution subindustry, Performance Food Group 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.

Performance Food Group Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Performance Food Group Co's Receivables Turnover falls into.

Performance Food Group Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Performance Food Group Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	52846.088	/ (	(2182.8	+	2214.554)	/	2 )
=	52846.088	/	2198.677
=	24.04

Performance Food Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	12749.084	/ (	(2108.091	+	2175.8)	/	2 )
=	12749.084	/	2141.9455
=	5.95

Performance Food Group Co (FRA:P5F) 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.

Performance Food Group Co Receivables Turnover Related Terms

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Performance Food Group Co (FRA:P5F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Performance Food Group Co (FRA:P5F) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PFGC:USA

Address

12500 West Creek Parkway, Richmond, VA, USA, 23238

Website

https://www.pfgc.com

Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

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