Albemarle Corp (ALB)

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	9,617,200	9,882,020	9,663,220	8,772,620	7,320,100	5,593,324	4,332,090	3,626,396	3,327,957	3,312,900	3,229,202	3,219,355	3,128,909	3,242,326	3,375,205	3,496,208	3,589,427	3,518,562	3,416,563	3,385,385
Receivables	US$ in thousands	2,309,490	1,707,760	1,771,060	1,664,480	1,590,440	1,170,830	1,086,620	729,958	735,816	577,044	513,478	593,522	683,136	577,688	594,583	592,468	804,507	723,593	730,015	660,561
Receivables turnover		4.16	5.79	5.46	5.27	4.60	4.78	3.99	4.97	4.52	5.74	6.29	5.42	4.58	5.61	5.68	5.90	4.46	4.86	4.68	5.13

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,617,200K ÷ $2,309,490K
= 4.16

Albemarle Corp.'s receivables turnover has shown fluctuations over the past eight quarters, ranging from 3.99 to 5.79. The receivables turnover ratio indicates how efficiently the company is managing its receivables by converting them into cash or sales. A higher turnover ratio generally signifies that the company is collecting its receivables more quickly.

Looking at the trend, we observe an increasing pattern in the receivables turnover ratio from Q1 2022 to Q3 2023, indicating an improvement in the company's ability to collect outstanding receivables. However, in Q4 2023, there was a slight decrease in the ratio compared to the previous quarter, which could suggest a potential slowdown in the collection process.

Overall, Albemarle Corp.'s receivables turnover ratio has generally been within a stable range, reflecting a reasonably efficient management of its accounts receivables. Monitoring this ratio over time can provide insights into the company's liquidity, collection practices and overall financial health.