Air Products and Chemicals Inc (APD)
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 | 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 | 8,918,900 | 8,934,600 | 8,969,600 |
| Receivables | US$ in thousands | 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 | 1,260,200 | 1,340,700 | 1,258,500 |
| Receivables turnover | 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 | 7.08 | 6.66 | 7.13 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,422,700K ÷ $1,725,400K
= 7.20
The receivables turnover ratio of Air Products & Chemicals Inc. has shown consistency and stability over the past quarters, averaging around 7 times per year. This indicates that the company is efficiently collecting its accounts receivable, converting them into cash approximately 7 times a year on average. The slight fluctuations seen quarter to quarter are normal and may be influenced by seasonal factors or specific business circumstances. Overall, a high and consistent receivables turnover ratio is a positive sign of effective credit management and liquidity for the company.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Receivables Turnover (Quarterly Data)