Boise Cascad Llc (BCC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,813,040 | 8,360,740 | 7,901,580 | 5,435,140 | 4,643,400 |
| Receivables | US$ in thousands | 17,462 | 320,279 | 462,228 | 391,133 | 231,646 |
| Receivables turnover | 390.16 | 26.10 | 17.09 | 13.90 | 20.05 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,813,040K ÷ $17,462K
= 390.16
The receivables turnover ratio measures how efficiently Boise Cascade Co is able to collect payments from its customers. A higher ratio indicates that the company is collecting receivables more quickly.
Looking at the trend of the receivables turnover ratio over the past five years, we can see fluctuations in the company's effectiveness in collecting payments. In 2023, the ratio stands at 18.30, a decrease from the previous year but still higher compared to 2021 and 2020. This might suggest that the company improved its collection efficiency compared to the two prior years.
In 2022, Boise Cascade Co had a significantly high receivables turnover ratio of 26.19, indicating a robust collection performance compared to the other years in review. This level of turnover suggests the company was efficient in converting its accounts receivable into cash during that year.
In 2021, the receivables turnover ratio was 17.15, slightly lower than that of 2023. This implies that the company was still effective in collecting payments, although not as efficient as in the following year.
In 2020, the ratio was 14.00, which suggests a decrease in the company's ability to collect receivables compared to the previous two years. However, it is worth noting that the turnover ratio in 2020 remained positive, indicating that the company was still able to collect payments from customers.
In 2019, Boise Cascade Co had a receivables turnover ratio of 20.05, showing a strong performance in collecting payments from customers. This ratio was higher than 2021 and 2020 but lower than the peak seen in 2022.
Overall, despite some fluctuations, the trend in the receivables turnover ratio indicates that Boise Cascade Co has been reasonably effective in managing its accounts receivable and collecting payments from customers over the past five years. However, management should continue to monitor this ratio closely to ensure efficient cash flow and working capital management.
Peer comparison
Dec 31, 2023