Amphenol Corporation (APH)
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 | 15,222,600 | 14,232,300 | 13,392,700 | 12,836,900 | 12,554,600 | 12,466,300 | 12,562,300 | 12,645,200 | 12,623,100 | 12,410,700 | 11,934,000 | 11,451,100 | 10,876,300 | 10,275,500 | 9,780,400 | 9,114,000 | 8,598,900 | 8,323,900 | 8,101,100 | 8,128,900 |
| Receivables | US$ in thousands | 3,287,900 | 3,130,300 | 2,855,500 | 2,501,400 | 2,618,400 | 2,571,200 | 2,443,500 | 2,411,900 | 2,631,300 | 2,640,100 | 2,571,600 | 2,422,100 | 2,454,800 | 2,204,500 | 2,072,800 | 1,931,800 | 1,951,600 | 1,880,300 | 1,658,300 | 1,540,500 |
| Receivables turnover | 4.63 | 4.55 | 4.69 | 5.13 | 4.79 | 4.85 | 5.14 | 5.24 | 4.80 | 4.70 | 4.64 | 4.73 | 4.43 | 4.66 | 4.72 | 4.72 | 4.41 | 4.43 | 4.89 | 5.28 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,222,600K ÷ $3,287,900K
= 4.63
The receivables turnover ratio of Amphenol Corporation has shown fluctuations over the past few years. The ratio was 5.28 as of March 31, 2020, indicating that the company collected its accounts receivable approximately 5.28 times during that period. The ratio decreased to 4.89 by June 30, 2020, and continued to decline to 4.41 by December 31, 2020.
There was a slight improvement in the receivables turnover ratio to 4.73 as of March 31, 2022, and it remained relatively stable around this level until June 30, 2024. However, in the most recent period as of December 31, 2024, the ratio dropped to 4.63.
Overall, the trend in the receivables turnover ratio suggests that Amphenol Corporation has become less efficient in collecting its accounts receivable in recent years, as the ratio has generally declined or remained stagnant. This may indicate potential issues with credit policies, collection procedures, or the quality of the company's customer base that could be impacting its cash flow and working capital management. Further analysis and investigation into the underlying reasons for this trend may be necessary to address any potential concerns and improve the company's financial performance.