Autoliv Inc (ALV)
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 | 10,368,000 | 9,932,000 | 9,663,000 | 9,121,000 | 8,838,000 | 8,682,000 | 8,228,000 | 8,166,000 | 8,201,000 | 8,581,800 | 8,764,800 | 7,790,600 | 7,394,100 | 7,068,500 | 7,064,100 | 8,169,500 | 8,496,000 | 8,497,600 | 8,500,100 | 8,560,700 |
| Receivables | US$ in thousands | 2,258,000 | — | — | — | 1,962,000 | — | — | 1,000 | 1,745,000 | 1,000 | 1,000 | 1,000 | 1,819,600 | 1,100 | 1,000 | 1,500 | 1,623,900 | 1,653,500 | 1,683,100 | 1,746,700 |
| Receivables turnover | 4.59 | — | — | — | 4.50 | — | — | 8,166.00 | 4.70 | 8,581.80 | 8,764.80 | 7,790.60 | 4.06 | 6,425.91 | 7,064.10 | 5,446.33 | 5.23 | 5.14 | 5.05 | 4.90 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,368,000K ÷ $2,258,000K
= 4.59
Autoliv Inc.'s receivables turnover ratio has been relatively stable over the past eight quarters, ranging from 4.37 to 4.64. This indicates that, on average, the company collects its accounts receivable approximately 4.5 times per year. A higher turnover ratio is generally preferable as it suggests that the company is efficiently managing its accounts receivable and converting them into cash quickly. Autoliv's consistent turnover ratio reflects a consistent and effective credit and collection policy. However, it would be beneficial for the company to further analyze the trend and ensure that the ratio remains stable or improves over time to maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023