Api Group Corp (APG)
Receivables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,136,000 | 7,018,000 | 6,916,000 | 6,874,000 | 6,915,000 | 6,928,000 | 6,872,000 | 6,823,000 | 6,701,000 | 6,558,000 | 5,967,000 | 5,279,000 | 4,608,000 | 3,940,000 | 3,710,000 | 3,621,000 | 3,532,000 | 3,587,000 | 3,690,000 | 3,845,470 |
| Receivables | US$ in thousands | 1,841,000 | 1,897,000 | 1,897,000 | 1,823,000 | 1,714,000 | 1,831,000 | 1,810,000 | 1,827,000 | 1,711,000 | 1,772,000 | 1,760,000 | 1,712,000 | 1,636,000 | 984,000 | 947,000 | 848,000 | 747,000 | 781,000 | 906,000 | 891,000 |
| Receivables turnover | 3.88 | 3.70 | 3.65 | 3.77 | 4.03 | 3.78 | 3.80 | 3.73 | 3.92 | 3.70 | 3.39 | 3.08 | 2.82 | 4.00 | 3.92 | 4.27 | 4.73 | 4.59 | 4.07 | 4.32 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,136,000K ÷ $1,841,000K
= 3.88
The receivables turnover ratio for Api Group Corp exhibits notable fluctuations over the specified period. Starting from a high of 4.32 on June 30, 2020, the ratio experienced a slight decline to 4.07 by September 30, 2020, before increasing to 4.59 at the end of 2020. The ratio further improved in the first quarter of 2021 to 4.73, indicating a relatively efficient collection process during that interval.
However, subsequent periods reveal a pattern of decline and stabilization. For instance, the ratio dropped to 4.27 in June 2021 and then decreased to 3.92 by September 2021. Mid-2022 data show a further dip with the ratio reaching 2.82 on March 31, 2022, suggesting a temporary decline in receivables collection efficiency. Following this low point, the ratio gradually increased again, reaching 3.70 in December 2022 and climbing to 3.92 by March 2023.
The most recent data from 2023 and early 2024 indicate relative stability with ratios oscillating between approximately 3.65 and 4.03. The latest figure for March 31, 2025, is 3.88, reflecting a slight upward trend compared to previous quarters.
Overall, the receivables turnover demonstrates periods of both strengthening and weakening collection efficiency, with a general trend of modest fluctuation rather than consistent either improvement or deterioration. This pattern suggests responsiveness to operational, credit management, or economic factors affecting collections over time.
Peer comparison
Mar 31, 2025