AptarGroup Inc (ATR)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,582,890 | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 |
| Receivables | US$ in thousands | 658,100 | 677,800 | 677,000 | 671,000 | 567,000 |
| Receivables turnover | 5.44 | 5.15 | 4.91 | 4.81 | 5.17 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,582,890K ÷ $658,100K
= 5.44
The receivables turnover for AptarGroup Inc has been relatively stable over the past five years. It decreased from 5.17 in December 2020 to 4.81 in December 2021, then slightly increased to 4.91 in December 2022. Subsequently, there was a notable improvement to 5.15 in December 2023, and further enhancement to 5.44 in December 2024.
This trend indicates that the company has been effective in managing its accounts receivable, with a higher turnover ratio showing that AptarGroup is collecting its receivables more frequently within a year. The recent increase in the turnover ratio suggests that the company is becoming more efficient in converting its receivables into cash, which can potentially improve liquidity and overall financial health.
Peer comparison
Dec 31, 2024