Barnes Group Inc (B)
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 | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Receivables | US$ in thousands | 353,923 | 348,456 | 311,977 | 297,901 | 291,883 | 260,163 | 281,773 | 272,345 | 262,257 | 260,146 | 260,203 | 252,548 | 251,460 | 248,053 | 256,955 | 335,409 | 348,974 | 370,052 | 371,644 | 377,826 |
| Receivables turnover | 3.92 | 3.76 | 4.11 | 4.26 | 4.27 | 4.79 | 4.45 | 4.60 | 4.74 | 4.69 | 4.47 | 4.27 | 4.40 | 4.77 | 5.00 | 4.23 | 5.27 | 5.04 | 6.01 | 6.92 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,388,400K ÷ $353,923K
= 3.92
The receivables turnover for Barnes Group Inc. has fluctuated over the past eight quarters, ranging from a low of 3.87 in Q3 2023 to a high of 4.84 in Q3 2022. The trend generally demonstrates that the company is able to collect its accounts receivables efficiently, with an average turnover ratio of approximately 4.38 over these eight quarters.
A higher receivables turnover ratio indicates that Barnes Group is collecting its outstanding customer balances more frequently during the year, which is a positive sign of efficiency in managing its accounts receivables. However, the slight variability in the ratio suggests that the company's collection efficiency may have experienced some fluctuations over the analyzed period.
Overall, while the receivables turnover ratio for Barnes Group Inc. has shown some variability, it generally indicates that the company has been effective in converting its accounts receivables into cash over the past two years. Monitoring this ratio over time can help assess the company's effectiveness in managing its credit and collection practices.
Peer comparison
Dec 31, 2023