Amphenol Corporation (APH)
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 | 12,554,600 | 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 | 8,225,400 | 8,299,100 | 8,327,500 | 8,293,600 |
| Receivables | US$ in thousands | 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 | 1,736,400 | 1,689,100 | 1,685,000 | 1,661,900 |
| Receivables turnover | 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 | 4.74 | 4.91 | 4.94 | 4.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,554,600K ÷ $2,618,400K
= 4.79
The receivables turnover ratio for Amphenol Corp. has displayed consistency over the past eight quarters, ranging from 4.64 to 5.24. This ratio indicates the company's efficiency in collecting outstanding receivables during a specific period. A higher turnover ratio suggests that the company is collecting receivables quickly, which is generally a positive sign for liquidity management.
Amphenol Corp.'s average receivables turnover ratio over the past eight quarters is approximately 4.85. This indicates that, on average, the company collects its outstanding receivables almost five times within a year, implying a relatively efficient collection process.
While the consistency in the receivables turnover ratio is a positive aspect of the company's operations, it is essential to compare this ratio with industry benchmarks and historical trends to gain a deeper understanding of Amphenol Corp.'s performance in managing its receivables effectively.