Boise Cascad Llc (BCC)
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 | 6,812,980 | 6,797,160 | 7,116,260 | 7,578,370 | 8,360,740 | 8,514,380 | 8,240,730 | 8,406,320 | 7,901,650 | 7,597,790 | 7,293,450 | 6,093,030 | 5,440,690 | 5,070,190 | 4,771,050 | 4,764,580 | 4,643,400 | 4,607,500 | 4,676,500 | 4,854,500 |
| Receivables | US$ in thousands | 17,462 | 11,562 | 10,032 | 431,532 | 320,279 | 529,242 | 592,221 | 680,246 | 462,228 | 490,923 | 610,150 | 552,874 | 391,133 | 437,889 | 360,862 | 340,127 | 231,646 | 311,943 | 328,664 | 303,801 |
| Receivables turnover | 390.16 | 587.89 | 709.36 | 17.56 | 26.10 | 16.09 | 13.91 | 12.36 | 17.09 | 15.48 | 11.95 | 11.02 | 13.91 | 11.58 | 13.22 | 14.01 | 20.05 | 14.77 | 14.23 | 15.98 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,812,980K ÷ $17,462K
= 390.16
Boise Cascade Co's receivables turnover has exhibited fluctuations over the past eight quarters, ranging from a low of 12.39 in Q1 2022 to a high of 26.19 in Q4 2022. The average receivables turnover over this period is approximately 16.55. Generally, a higher receivables turnover indicates that the company is efficiently collecting payments from customers and converting credit sales into cash quickly.
The company's receivables turnover in Q4 2023 of 18.30 is higher than the average turnover, suggesting that Boise Cascade Co may have improved its efficiency in collecting receivables during that period. However, it is important to monitor future quarters to determine if this trend is sustainable and part of a larger strategic shift in managing receivables.
Conversely, the receivables turnover in Q1 2022 was lower than average, which could indicate potential issues with collections or credit policies during that period. Companies should aim for a balance in managing receivables turnover to ensure healthy cash flows while maintaining good relationships with customers.
Peer comparison
Dec 31, 2023