Axalta Coating Systems Ltd (AXTA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,276,000 | 5,184,000 | 4,884,400 | 4,416,200 | 3,737,600 |
| Receivables | US$ in thousands | 1,248,000 | 1,260,000 | 1,067,400 | 937,500 | 869,800 |
| Receivables turnover | 4.23 | 4.11 | 4.58 | 4.71 | 4.30 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,276,000K ÷ $1,248,000K
= 4.23
Axalta Coating Systems Ltd's receivables turnover ratio has shown a relatively stable trend over the past five years. The ratio increased from 4.30 in December 31, 2020, to 4.71 in December 31, 2021, indicating that the company was able to collect its accounts receivable more efficiently in 2021 compared to the previous year.
However, in December 31, 2022, the receivables turnover ratio decreased slightly to 4.58, suggesting a minor slowdown in the collection of receivables. This trend continued in December 31, 2023, with the ratio further declining to 4.11, indicating that the company took longer to collect its accounts receivable compared to the prior years.
In December 31, 2024, the receivables turnover ratio improved slightly to 4.23, although it remained lower than the ratio in 2021 and 2022. Overall, Axalta Coating Systems Ltd's receivables turnover ratio demonstrates a consistent but slightly declining trend over the analyzed period, which may indicate changes in the company's credit policies, customer payment behavior, or industry dynamics.
Peer comparison
Dec 31, 2024