The Andersons Inc (ANDE)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,257,550 | 11,347,410 | 12,362,110 | 13,587,090 | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 |
| Receivables | US$ in thousands | 764,550 | 756,618 | 743,550 | 701,706 | 762,549 | 816,686 | 1,030,270 | 1,135,420 | 1,261,150 | 1,002,550 | 1,158,730 | 1,068,800 | 845,164 | 748,872 | 733,410 | 711,569 | 665,457 | 536,768 | 544,343 | 546,257 |
| Receivables turnover | 14.72 | 15.00 | 16.63 | 19.36 | 19.34 | 19.85 | 16.30 | 15.17 | 13.74 | 16.39 | 13.13 | 13.09 | 14.92 | 15.14 | 13.94 | 12.43 | 12.12 | 13.86 | 13.85 | 14.66 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,257,550K ÷ $764,550K
= 14.72
The receivables turnover ratio of The Andersons Inc has shown fluctuating trends over the analyzed period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific time frame.
The receivables turnover ratio decreased from 14.66 on March 31, 2020, to 12.12 on December 31, 2020, suggesting a decrease in the speed at which the company was collecting its receivables. However, from March 31, 2021, to December 31, 2024, the ratio generally increased, reaching a peak of 19.85 on September 30, 2023.
The higher turnover ratios from June 30, 2021, to December 31, 2024, indicate an improvement in the company's efficiency in collecting receivables. A higher receivables turnover ratio is usually favorable as it implies that the company is collecting payments from customers more quickly.
It is essential for The Andersons Inc to monitor this ratio regularly to ensure that the trend remains stable or improves, as a declining ratio could indicate potential liquidity issues or problems with customers' creditworthiness.
Peer comparison
Dec 31, 2024