Armstrong World Industries Inc (AWI)
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 | 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 | 987,800 | 973,000 | 949,300 |
| Receivables | US$ in thousands | 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 | 88,800 | 96,700 | 85,300 |
| Receivables turnover | 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 | 11.12 | 10.06 | 11.13 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,247,800K ÷ $111,000K
= 11.24
Armstrong World Industries Inc.'s receivables turnover ratio has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in collecting receivables. The ratio has increased from 9.93 in Q1 2022 to 11.58 in Q4 2023. This indicates that the company is collecting its accounts receivable more frequently within each period, reflecting strong liquidity and effective management of credit sales. Overall, the increasing trend in receivables turnover ratio suggests that Armstrong World Industries Inc. has been successful in promptly converting its credit sales into cash, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2023