Armstrong World Industries Inc (AWI)
Receivables turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,400 | 1,338,600 | 1,263,600 | 1,247,800 | 1,275,800 | 1,255,300 | 1,254,300 | 1,230,300 | 1,201,100 | 1,169,200 | 1,128,400 | 1,097,100 | 1,040,000 | 994,100 | 917,000 | 912,800 | 958,000 | 983,200 | 1,048,400 | 1,038,100 |
| Receivables | US$ in thousands | 134,400 | 130,900 | 125,400 | 111,000 | 116,700 | 117,000 | 121,900 | 112,400 | 119,400 | 130,000 | 114,100 | 109,100 | 102,900 | 92,900 | 91,300 | 78,300 | 90,100 | 106,800 | 96,900 | 85,100 |
| Receivables turnover | 10.12 | 10.23 | 10.08 | 11.24 | 10.93 | 10.73 | 10.29 | 10.95 | 10.06 | 8.99 | 9.89 | 10.06 | 10.11 | 10.70 | 10.04 | 11.66 | 10.63 | 9.21 | 10.82 | 12.20 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,360,400K ÷ $134,400K
= 10.12
The receivables turnover ratio for Armstrong World Industries Inc has fluctuated over the years based on the provided data. The ratio indicates how many times a company collects its average accounts receivable balance during a specific period. A higher turnover ratio typically implies that the company is efficient in collecting outstanding receivables.
From December 31, 2019, to March 31, 2020, there was a decrease in the receivables turnover from 12.20 to 10.82. This could suggest a slower collection of accounts receivable during this period. However, there was a slight increase to 11.66 by December 31, 2020, indicating an improvement in the efficiency of the company's accounts receivable management.
The ratio fluctuated over the following years but generally remained around the range of 9 to 11 times. Notable points include a decrease to 8.99 on June 30, 2022, suggesting a potential slowdown in receivables collection efficiency, followed by an increase to 11.24 by December 31, 2023, indicating an improvement in this aspect.
Overall, the receivables turnover ratio for Armstrong World Industries Inc has shown fluctuations over the analyzed period. It is essential for the company to monitor and manage its accounts receivable effectively to ensure a stable and efficient collection process.
Peer comparison
Dec 31, 2024