Which of the following can be a consequence of a consistently low accounts receivable turnover?

A consistently low accounts receivable turnover indicates that a company is not collecting its receivables efficiently. This typically means that customers are taking longer to pay their invoices, which can lead to a buildup of accounts receivable on the balance sheet. As these outstanding amounts age, the risk of bad debts rises, since some customers may ultimately default on their payments or be unable to pay.

Thus, increased risk of bad debts becomes a significant consequence of low accounts receivable turnover. It can threaten a company's cash flow and overall financial health, as it may not have the liquid assets available to cover its immediate expenses or opportunities, resulting from ineffective credit control or overly lenient terms extended to customers.

In contrast, improved cash flow management, higher customer loyalty, and enhanced operational efficiency are generally outcomes associated with better accounts receivable turnover, indicating that these options are less relevant in this context.