Aecom Technology Corporation (ACM)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,105,490 | 15,837,340 | 15,349,640 | 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 |
| Receivables | US$ in thousands | 3,649,100 | 3,365,470 | 3,278,220 | 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 |
| Receivables turnover | 4.41 | 4.71 | 4.68 | 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,105,490K ÷ $3,649,100K
= 4.41
Aecom Technology Corporation's receivables turnover has shown fluctuations over the past few quarters, ranging from 3.82 to 4.79 times. The receivables turnover ratio measures how efficiently a company is managing its accounts receivable by indicating how many times a company collects its average accounts receivable balance during a period.
The trend of Aecom's receivables turnover has been relatively stable around 4 times, indicating that the company is able to convert its accounts receivable into cash approximately 4 times a year on average. A higher receivables turnover ratio suggests a more efficient collection process, while a lower ratio may indicate slower collections or potential issues with credit quality.
Overall, Aecom's receivables turnover ratio appears to be within a reasonable range, but it is important for the company to monitor this ratio over time to ensure timely collection of receivables and efficient management of its working capital.
Peer comparison
Sep 30, 2024