Alcoa Corp (AA)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,494,000 | 10,518,000 | 10,798,000 | 11,717,000 | 12,326,000 | 12,863,000 | 13,111,000 | 12,351,000 | 11,954,000 | 11,167,000 | 10,433,000 | 9,693,000 | 9,175,000 | 9,219,000 | 9,428,000 | 9,990,000 | 10,327,000 | 11,235,000 | 12,076,000 | 12,977,000 |
| Receivables | US$ in thousands | 808,000 | 796,000 | 806,000 | 852,000 | 909,000 | 868,000 | 1,022,000 | 1,050,000 | 884,000 | 861,000 | 744,000 | 677,000 | 556,000 | 611,000 | 507,000 | 665,000 | 660,000 | 824,000 | 887,000 | 942,000 |
| Receivables turnover | 12.99 | 13.21 | 13.40 | 13.75 | 13.56 | 14.82 | 12.83 | 11.76 | 13.52 | 12.97 | 14.02 | 14.32 | 16.50 | 15.09 | 18.60 | 15.02 | 15.65 | 13.63 | 13.61 | 13.78 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,494,000K ÷ $808,000K
= 12.99
The receivables turnover of Alcoa Corp has shown consistency over the past eight quarters, ranging from 11.98 to 15.12. In Q4 2023, the receivables turnover was 13.06, indicating that the company collected its accounts receivables approximately 13 times during that quarter. This suggests that Alcoa Corp efficiently manages its receivables, with a higher turnover ratio generally indicating a shorter collection period and more effective credit management. The slight decline in receivables turnover from Q3 2023 to Q4 2023 may be worth monitoring, but overall, the company has maintained a relatively stable performance in this aspect of its operations.
Peer comparison
Dec 31, 2023