Amentum Holdings Inc. (AMTM)
Receivables turnover
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Receivables | US$ in thousands | 2,401,000 | — | — |
| Receivables turnover | 3.47 | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,343,000K ÷ $2,401,000K
= 3.47
The receivables turnover ratio for Amentum Holdings Inc. indicates how efficiently the company is collecting payments from its customers. Based on the available data, the receivables turnover was not provided for December 31, 2022 and December 31, 2023, but for September 30, 2024, the receivables turnover was 3.47. This implies that on average, Amentum Holdings collected payments from its customers 3.47 times during the fiscal year ending September 30, 2024.
A higher receivables turnover ratio generally suggests a shorter time frame for collecting payments from customers, indicating better liquidity and operational efficiency. However, without data for the previous periods, it is challenging to assess the trend over time. It would be beneficial to track the receivables turnover ratio for multiple periods to identify any significant changes and assess the effectiveness of the company's credit and collection policies.
Peer comparison
Sep 30, 2024