Air Products and Chemicals Inc (APD)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,100,600 | 12,104,400 | 12,152,800 | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 |
| Receivables | US$ in thousands | 2,017,500 | 1,712,200 | 1,715,800 | 1,725,400 | 1,960,000 | 1,934,200 | 1,884,700 | 1,937,200 | 1,849,400 | 1,838,600 | 1,913,200 | 1,823,800 | 1,541,300 | 1,539,300 | 1,498,900 | 1,524,700 | 1,369,800 | 1,689,700 | 1,604,400 | 1,288,600 |
| Receivables turnover | 6.00 | 7.07 | 7.08 | 7.20 | 6.43 | 6.71 | 6.97 | 6.65 | 6.87 | 6.51 | 5.95 | 6.00 | 6.70 | 6.37 | 6.18 | 5.89 | 6.47 | 5.22 | 5.60 | 6.95 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,100,600K ÷ $2,017,500K
= 6.00
The receivables turnover ratio for Air Products and Chemicals Inc has been fluctuating over the past quarters, ranging from 5.22 to 7.20 times. The ratio indicates how efficiently the company is able to collect payments from customers within a given period. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly.
In the most recent quarter, the receivables turnover ratio was 6.00, indicating that the company collected its receivables approximately 6 times during that period. This represents a slight decrease compared to the previous quarter's ratio of 7.07.
Despite the fluctuations, the company's receivables turnover ratios have generally been within a reasonable range, demonstrating a consistent ability to manage its accounts receivable effectively. Monitoring these ratios over time can help assess the company's effectiveness in credit and collection management.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Receivables Turnover (Quarterly Data)