American Axle & Manufacturing (AXL)
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 | 6,082,900 | 5,993,300 | 5,982,700 | 5,857,600 | 5,803,400 | 5,698,900 | 5,340,500 | 5,177,100 | 5,158,900 | 5,356,300 | 5,579,500 | 4,808,200 | 4,722,100 | 4,702,800 | 4,965,800 | 6,209,400 | 6,644,200 | 6,735,600 | 6,934,600 | 7,131,200 |
| Receivables | US$ in thousands | 818,500 | 885,200 | 921,100 | 892,100 | 820,200 | 974,600 | 929,300 | 928,100 | 762,800 | 739,600 | 798,100 | 852,800 | 793,200 | 900,800 | 550,200 | 794,700 | 815,400 | 976,900 | 1,138,000 | 1,202,100 |
| Receivables turnover | 7.43 | 6.77 | 6.50 | 6.57 | 7.08 | 5.85 | 5.75 | 5.58 | 6.76 | 7.24 | 6.99 | 5.64 | 5.95 | 5.22 | 9.03 | 7.81 | 8.15 | 6.89 | 6.09 | 5.93 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,082,900K ÷ $818,500K
= 7.43
American Axle & Manufacturing Holdings Inc's receivables turnover has been showing a relatively stable trend over the past eight quarters, ranging from 5.57 to 7.43. The company's ability to collect receivables efficiently improved in the most recent quarter (Q4 2023) compared to the previous quarters.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more frequently within a given period, which is generally considered positive as it implies a shorter collection period. The increasing trend in receivables turnover over the quarters suggests that American Axle & Manufacturing Holdings Inc has been managing its receivables effectively, potentially improving its cash flow and reducing the risk of bad debts.
Overall, the consistent and relatively high levels of receivables turnover indicate that the company has been successful in converting its credit sales into cash efficiently. Tracking this ratio over time can provide valuable insights into the company's liquidity, revenue collection, and overall financial health.
Peer comparison
Dec 31, 2023