Arcosa Inc (ACA)
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 | 2,307,900 | 2,226,000 | 2,238,200 | 2,256,200 | 2,242,800 | 2,264,300 | 2,219,500 | 2,131,800 | 2,036,400 | 1,973,500 | 1,904,400 | 1,887,800 | 1,935,600 | 1,923,600 | 1,878,600 | 1,814,200 | 1,736,900 | 1,664,400 | 1,598,000 | |
| Receivables | US$ in thousands | 357,100 | 389,600 | 386,500 | 393,600 | 334,200 | 326,100 | 350,100 | 373,700 | 310,800 | 364,200 | 314,300 | 289,100 | 260,200 | 232,900 | 217,700 | 238,100 | 200,000 | 213,400 | 228,700 | 206,200 |
| Receivables turnover | 6.46 | 5.71 | 5.79 | 5.73 | 6.71 | 6.94 | 6.34 | 5.70 | 6.55 | 5.42 | 6.06 | 6.53 | 7.44 | 8.26 | 8.63 | 7.62 | 8.68 | 7.80 | 6.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,307,900K ÷ $357,100K
= 6.46
The receivables turnover ratio for Arcosa Inc fluctuated over the past eight quarters, ranging from a low of 5.70 in Q1 2022 to a high of 6.94 in Q3 2022. The company's ability to collect its accounts receivable improved in Q4 2022 and Q1 2023, with ratios of 6.71 and 5.73 respectively. However, in Q2 and Q3 2023, the ratio decreased to 5.79 and 5.71, indicating a longer time taken to collect receivables during those periods. Overall, the receivables turnover ratio has shown variability, suggesting potential changes in the company's credit policies, customer payment behaviors, or sales volume. Further investigation into the reasons behind these fluctuations may be necessary to assess the efficiency of Arcosa Inc's receivables management.
Peer comparison
Dec 31, 2023