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.
Peer comparison
Dec 31, 2023