Allegheny Technologies Incorporated (ATI)
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 | 4,174,000 | 4,019,000 | 4,025,400 | 3,938,900 | 3,710,300 | 3,397,000 | 3,104,400 | 2,761,100 | 2,645,000 | 2,707,600 | 2,566,200 | 2,698,800 | 2,963,100 | 3,301,800 | 3,790,600 | 4,143,700 | 4,190,500 | 4,231,400 | 4,164,800 | 4,072,400 |
| Receivables | US$ in thousands | 625,000 | 683,000 | 710,100 | 725,600 | 579,200 | 678,100 | 627,100 | 558,000 | 470,000 | 502,000 | 362,200 | 423,900 | 345,800 | 388,000 | 483,600 | 593,400 | 554,100 | 596,700 | 581,400 | 565,100 |
| Receivables turnover | 6.68 | 5.88 | 5.67 | 5.43 | 6.41 | 5.01 | 4.95 | 4.95 | 5.63 | 5.39 | 7.09 | 6.37 | 8.57 | 8.51 | 7.84 | 6.98 | 7.56 | 7.09 | 7.16 | 7.21 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,174,000K ÷ $625,000K
= 6.68
To analyze ATI Inc's receivables turnover, we observe a relatively stable trend over the past eight quarters, ranging from 5.24 to 6.68. The receivables turnover ratio indicates how efficiently the company collects outstanding receivables during a specific period. A higher turnover ratio generally reflects a more efficient collection process.
The quarterly data suggests that ATI Inc has been able to maintain a consistent level of efficiency in collecting receivables, with minor fluctuations seen between quarters. It is positive to note that the ratio has generally remained above 5, indicating that the company is efficiently collecting its outstanding receivables within a reasonable timeframe.
While the trend appears steady, it would be beneficial to compare ATI Inc's receivables turnover ratio with industry benchmarks or competitors to gain a better understanding of its performance relative to others in the same sector. Additionally, monitoring any significant deviations from the established trend and investigating underlying factors driving such changes can provide valuable insights into the company's receivables management practices and overall financial health.