AptarGroup Inc (ATR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,582,890 | 3,573,282 | 3,556,988 | 3,542,831 | 3,487,450 | 3,444,884 | 3,388,747 | 3,337,384 | 3,322,249 | 3,340,328 | 3,328,910 | 3,295,399 | 3,227,221 | 3,162,557 | 3,096,268 | 2,984,541 | 2,929,340 | 2,851,344 | 2,793,469 | 2,836,825 |
| Receivables | US$ in thousands | 658,100 | 698,989 | 737,764 | 724,015 | 677,800 | 717,484 | 718,619 | 695,118 | 677,000 | 690,818 | 703,000 | 694,373 | 671,000 | 662,112 | 635,847 | 621,093 | 567,000 | 593,000 | 575,655 | 602,027 |
| Receivables turnover | 5.44 | 5.11 | 4.82 | 4.89 | 5.15 | 4.80 | 4.72 | 4.80 | 4.91 | 4.84 | 4.74 | 4.75 | 4.81 | 4.78 | 4.87 | 4.81 | 5.17 | 4.81 | 4.85 | 4.71 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,582,890K ÷ $658,100K
= 5.44
The receivables turnover ratio for AptarGroup Inc has ranged from 4.71 to 5.44 over the past few years, indicating that the company collects its outstanding receivables approximately 4.71 to 5.44 times a year. A higher turnover ratio suggests that the company is efficient in collecting payments from its customers, while a lower ratio may indicate issues with collecting receivables promptly.
Looking at the trend, we see some fluctuations in the receivables turnover ratio over time. The ratio increased steadily from December 31, 2020, reaching its peak at 5.44 on December 31, 2024. This could indicate improved collection efficiency or more stringent credit policies. However, there were some downward movements and fluctuations in between.
Overall, the trend in the receivables turnover ratio for AptarGroup Inc reflects variations in the company's ability to manage its accounts receivable efficiently. It is essential for the company to continue monitoring this ratio to ensure timely collections and maintain healthy cash flows.
Peer comparison
Dec 31, 2024