Aecom Technology Corporation (ACM)
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 | 14,895,980 | 14,378,420 | 13,962,180 | 13,540,330 | 13,263,820 | 13,148,180 | 13,075,880 | 13,242,580 | 13,294,420 | 13,340,900 | 13,556,100 | 13,337,400 | 13,317,600 | 13,240,000 | 13,184,400 | 13,354,900 | 13,521,800 | 13,642,500 | 15,434,900 | 17,222,700 |
| Receivables | US$ in thousands | 3,112,120 | 3,075,390 | 3,076,420 | 2,959,510 | 3,005,290 | 2,897,290 | 2,988,550 | 3,014,540 | 3,155,600 | 3,228,050 | 3,248,340 | 3,367,320 | 3,486,660 | 3,425,720 | 3,451,680 | 2,950,360 | 2,895,650 | 3,517,070 | 3,415,990 | 3,285,940 |
| Receivables turnover | 4.79 | 4.68 | 4.54 | 4.58 | 4.41 | 4.54 | 4.38 | 4.39 | 4.21 | 4.13 | 4.17 | 3.96 | 3.82 | 3.86 | 3.82 | 4.53 | 4.67 | 3.88 | 4.52 | 5.24 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,895,980K ÷ $3,112,120K
= 4.79
The receivables turnover ratio for AECOM has been relatively stable over the past eight quarters, ranging from 5.26 to 5.87. This indicates that, on average, AECOM collects its accounts receivable approximately 5.26 to 5.87 times per year. A higher receivables turnover ratio suggests a more efficient collection process, as the company is converting its accounts receivable into cash more frequently.
The slight fluctuations in the receivables turnover ratio over the quarters may be due to seasonal variations in revenue collection or changes in the company's credit policies. Overall, the consistency in the range of the ratio reflects AECOM's effective management of its accounts receivable and ability to collect payments in a timely manner.
To gain deeper insights into AECOM's receivables turnover performance, it would be beneficial to compare the ratio with industry benchmarks or competitors' ratios. Additionally, further analysis of the company's collection policies, customer base, and economic conditions could provide a more comprehensive understanding of AECOM's receivables management efficiency.
Peer comparison
Dec 31, 2023