AGCO Corporation (AGCO)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,061,600 | 14,407,800 | 25,289,800 | 22,269,900 | 18,284,400 |
| Receivables | US$ in thousands | 1,267,400 | 1,605,300 | 1,221,300 | 991,500 | 856,000 |
| Receivables turnover | 8.73 | 8.98 | 20.71 | 22.46 | 21.36 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,061,600K ÷ $1,267,400K
= 8.73
The receivables turnover ratio for AGCO Corporation has shown fluctuations over the past five years. In December 2020, the ratio was 21.36, indicating that AGCO collected its receivables approximately 21.36 times during that year. The ratio improved slightly to 22.46 in December 2021, suggesting a more efficient collection of receivables. However, there was a decline in receivables turnover to 20.71 in December 2022.
The most significant drop occurred in December 2023, with a sharp decrease in the receivables turnover to 8.98. This indicates a potential issue with collecting receivables efficiently during that period. In December 2024, the ratio remained low at 8.73, suggesting continued challenges in receivables management.
Overall, the trend in AGCO Corporation's receivables turnover ratio is a mix of improvements and declines, with a notable decrease in efficiency in December 2023 and 2024. Further analysis into the reasons behind these fluctuations and potential strategies to improve receivables management may be warranted.
Peer comparison
Dec 31, 2024