The Andersons Inc (ANDE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,257,500 | 14,750,100 | 17,325,400 | 12,612,000 | 8,064,620 |
| Receivables | US$ in thousands | 764,550 | 762,549 | 1,261,150 | 845,164 | 665,457 |
| Receivables turnover | 14.72 | 19.34 | 13.74 | 14.92 | 12.12 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,257,500K ÷ $764,550K
= 14.72
The receivables turnover ratio for The Andersons Inc has displayed varying trends over the past five years. In December 2020, the ratio stood at 12.12, indicating that the company collected its accounts receivable approximately 12.12 times during the year. By December 2021, the ratio improved to 14.92, suggesting that the efficiency of the company in collecting outstanding receivables increased.
However, in December 2022, there was a slight dip in the receivables turnover ratio to 13.74, which could indicate a minor delay in collecting receivables compared to the previous year. The ratio then experienced a significant improvement to 19.34 in December 2023, showcasing a substantial increase in the rate at which the company collected its accounts receivable.
Finally, by December 2024, the ratio decreased to 14.72, showing a slight decline from the previous year. Overall, the trend in the receivables turnover ratio for The Andersons Inc suggests that the company has been effectively managing its accounts receivable collection process, with some fluctuations in efficiency over the years.
Peer comparison
Dec 31, 2024