AAON Inc (AAON)
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 | 1,164,845 | 1,115,007 | 1,046,379 | 974,572 | 891,972 | 773,593 | 671,628 | 605,145 | 538,153 | 517,306 | 512,603 | 495,316 | 517,101 | 522,975 | 501,374 | 494,292 | 469,759 | 459,553 | 458,954 | 449,244 |
| Receivables | US$ in thousands | 138,108 | 160,108 | 156,810 | 160,954 | 127,158 | 136,014 | 131,953 | 115,828 | 76,503 | 60,787 | 56,682 | 59,964 | 52,005 | 66,138 | 61,576 | 69,921 | 68,200 | 59,981 | 72,207 | 63,471 |
| Receivables turnover | 8.43 | 6.96 | 6.67 | 6.05 | 7.01 | 5.69 | 5.09 | 5.22 | 7.03 | 8.51 | 9.04 | 8.26 | 9.94 | 7.91 | 8.14 | 7.07 | 6.89 | 7.66 | 6.36 | 7.08 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,164,845K ÷ $138,108K
= 8.43
The receivables turnover for AAON Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 8.46, indicating that the company collected its accounts receivable approximately 8.46 times during that period. This represents an improvement compared to the previous quarter, where the ratio was 6.97.
Looking at the trend over the past two years, we observe that the receivables turnover ratio has generally been increasing, with some minor fluctuations. This suggests that AAON Inc. has been more efficient in collecting its receivables over time. The company's ability to collect payments from customers quickly is essential for its cash flow and overall financial health.
It is important to note that a higher receivables turnover ratio is generally seen as a positive indicator, as it implies that the company is managing its accounts receivable effectively. However, it is also crucial to consider industry benchmarks and company-specific factors when evaluating this ratio in isolation.
Overall, based on the data provided, AAON Inc. has shown improvement in its receivables turnover performance in Q4 2023, which is a positive sign for its financial efficiency and liquidity.
Peer comparison
Dec 31, 2023