ArcBest Corp (ARCB)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,422,890 | 5,336,500 | 3,996,140 | 2,942,940 | 2,993,880 |
| Receivables | US$ in thousands | 482,246 | 592,382 | 595,438 | 335,213 | 301,353 |
| Receivables turnover | 9.17 | 9.01 | 6.71 | 8.78 | 9.93 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,422,890K ÷ $482,246K
= 9.17
The receivables turnover for ArcBest Corp has seen fluctuations over the past five years, ranging from 6.68 in 2021 to 9.92 in 2019. The ratio indicates how effectively the company is collecting payments from its customers.
In 2023, the receivables turnover improved to 9.18, which suggests that the company was able to collect receivables more efficiently compared to the previous year. This increase may indicate an improvement in the company's credit policies, better management of accounts receivable, or a more efficient collection process.
Overall, the trend in the receivables turnover ratio for ArcBest Corp shows some volatility but generally indicates a consistent effort to manage accounts receivable effectively and collect payments from customers in a timely manner.
Peer comparison
Dec 31, 2023