Alamo Group Inc (ALG)
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 | 1,689,163 | 1,650,337 | 1,602,481 | 1,561,649 | 1,513,482 | 1,458,602 | 1,429,194 | 1,380,865 | 1,330,676 | 1,290,046 | 1,242,693 | 1,162,691 | 1,163,174 | 1,167,345 | 1,149,039 | 1,167,596 | 1,118,586 | 1,073,880 | 1,060,061 | 1,032,438 |
| Receivables | US$ in thousands | 362,061 | 378,857 | 379,612 | 363,843 | 318,497 | 305,161 | 308,399 | 297,066 | 239,636 | 245,583 | 263,186 | 247,022 | 215,462 | 223,047 | 233,780 | 255,651 | 250,744 | 249,911 | 275,314 | 274,703 |
| Receivables turnover | 4.67 | 4.36 | 4.22 | 4.29 | 4.75 | 4.78 | 4.63 | 4.65 | 5.55 | 5.25 | 4.72 | 4.71 | 5.40 | 5.23 | 4.92 | 4.57 | 4.46 | 4.30 | 3.85 | 3.76 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,689,163K ÷ $362,061K
= 4.67
The receivables turnover ratio for Alamo Group Inc. has shown some fluctuation over the past eight quarters. In Q4 2023, the company had a receivables turnover of 4.67, which indicates that the company collected its accounts receivable approximately 4.67 times during that quarter. This was a slight increase compared to the previous quarter (Q3 2023) when the ratio was 4.38.
Looking at the trend over the last two years, the receivables turnover ratio has generally been in the range of 4.24 to 4.80. This suggests that Alamo Group Inc. is efficient in collecting its accounts receivable, with a relatively stable performance in this aspect.
The receivables turnover ratio provides insights into how effectively the company is managing its accounts receivable to generate cash flow. A higher turnover ratio typically indicates that the company is collecting its receivables quickly, which is a positive sign for its liquidity and working capital management.
Overall, based on the historical data provided, Alamo Group Inc. has maintained a reasonably consistent receivables turnover ratio, indicating a generally efficient accounts receivable management process.
Peer comparison
Dec 31, 2023