ArcBest Corp (ARCB)

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	4,493,120	4,653,130	4,876,850	5,166,410	5,326,350	5,274,290	4,938,980	4,495,079	3,997,842	3,620,356	3,398,646	3,076,929	2,942,547	2,843,551	2,836,113	2,980,260	2,988,521	3,045,382	3,083,878	3,105,669
Receivables	US$ in thousands	482,246	480,474	440,730	481,925	592,382	638,564	678,284	698,309	595,438	438,833	373,782	358,008	335,213	338,224	289,947	294,059	301,353	311,057	313,297	311,778
Receivables turnover		9.32	9.68	11.07	10.72	8.99	8.26	7.28	6.44	6.71	8.25	9.09	8.59	8.78	8.41	9.78	10.13	9.92	9.79	9.84	9.96

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,493,120K ÷ $482,246K
= 9.32

The receivables turnover ratio for ArcBest Corp has been relatively stable over the past eight quarters, ranging from a low of 6.42 in Q1 2022 to a high of 10.90 in Q2 2023. This ratio measures the efficiency of the company in collecting outstanding receivables from its customers during each period. Higher turnover ratios indicate that the company is collecting its receivables more frequently, which is a positive sign of strong liquidity and effective credit management.

ArcBest Corp's receivables turnover ratio has shown an increasing trend in recent quarters, with Q2 and Q3 of 2023 demonstrating the highest turnover ratios over the period analyzed. This improvement suggests that the company has been more effective in converting its accounts receivable into cash, potentially signaling improved cash flow management and stronger customer credit policies.

Overall, monitoring the receivables turnover ratio for ArcBest Corp can provide insight into the company's collection efficiency and financial health, and the recent trend towards higher turnover ratios indicates positive developments in managing receivables effectively.