Brunswick Corporation (BC)
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 | 6,401,400 | 6,622,200 | 6,726,800 | 6,860,100 | 6,812,200 | 6,660,500 | 6,389,500 | 6,108,700 | 5,846,200 | 5,576,300 | 5,382,200 | 4,815,200 | 4,347,500 | 4,104,000 | 3,847,500 | 4,023,200 | 4,108,400 | 4,151,900 | 4,219,400 | 4,204,600 |
| Receivables | US$ in thousands | 493,200 | 568,200 | 614,500 | 698,000 | 543,000 | 557,700 | 611,000 | 664,700 | 485,300 | 451,100 | 503,300 | 539,100 | 337,600 | 398,800 | 452,600 | 465,400 | 331,800 | 414,700 | 484,500 | 499,200 |
| Receivables turnover | 12.98 | 11.65 | 10.95 | 9.83 | 12.55 | 11.94 | 10.46 | 9.19 | 12.05 | 12.36 | 10.69 | 8.93 | 12.88 | 10.29 | 8.50 | 8.64 | 12.38 | 10.01 | 8.71 | 8.42 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,401,400K ÷ $493,200K
= 12.98
The receivables turnover ratio for Brunswick Corp. has been fluctuating over the past eight quarters, indicating the company's effectiveness in collecting on credit sales. A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more efficiently.
In Q4 2023, Brunswick Corp. had a receivables turnover ratio of 12.98, showing an increase from the previous quarter's 11.65. This indicates that the company collected its accounts receivable almost 13 times during the quarter, which is a positive sign of efficiency.
Looking at the trend over the past year, the receivables turnover ratio has generally been improving. The company's ability to collect on credit sales has been strengthening, as seen in the increasing ratios from Q1 2022 to Q4 2023.
Overall, a rising trend in the receivables turnover ratio reflects positively on Brunswick Corp.'s credit policies, collection efforts, and overall financial health. However, it is essential to consider other factors such as industry standards and comparison with competitors when evaluating the effectiveness of the company's credit management.
Peer comparison
Dec 31, 2023