AptarGroup Inc (ATR)

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	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	2,859,732	2,873,427	2,837,924	2,805,871
Receivables	US$ in thousands	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	558,428	552,289	599,597	599,561
Receivables turnover		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	5.12	5.20	4.73	4.68

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,487,450K ÷ $677,800K
= 5.15

Over the last eight quarters, Aptargroup Inc.'s receivables turnover ratio has exhibited some fluctuations but generally remained relatively stable within the range of 4.72 to 5.15. This ratio indicates how efficiently the company is collecting cash from its credit sales during a given period.

A higher receivables turnover ratio suggests that the company is collecting its accounts receivables more quickly, which is typically a positive sign of effective credit management and strong customer payment practices. Conversely, a lower ratio may imply potential issues with collections, credit terms, or an increase in uncollectible accounts.

Aptargroup's receivables turnover ratio has generally been above 4.5 over the analyzed period, indicating that the company has been managing its accounts receivables efficiently. The slight variations in the ratio from quarter to quarter may be due to the timing of sales, changes in credit policies, or shifts in customer payment behavior.

Overall, based on the receivables turnover ratio trend, Aptargroup Inc. appears to have a sound credit management process in place, efficiently converting its credit sales into cash, and maintaining a healthy balance between credit sales and timely collections.