Brinks Company (BCO)

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	4,604,600	4,575,500	4,503,900	4,440,300	4,354,500	4,294,000	4,239,900	4,159,000	4,065,300	4,037,600	3,933,100	3,715,300	3,623,700	3,537,900	3,500,000	3,588,500	3,610,700	3,582,600	3,512,500	4,304,800
Receivables	US$ in thousands	796,300	801,300	851,000	876,900	888,500	787,700	824,600	771,100	720,200	728,200	716,700	689,300	702,600	708,000	695,000	643,300	661,300	653,100	678,300	641,000
Receivables turnover		5.78	5.71	5.29	5.06	4.90	5.45	5.14	5.39	5.64	5.54	5.49	5.39	5.16	5.00	5.04	5.58	5.46	5.49	5.18	6.72

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,604,600K ÷ $796,300K
= 5.78

The receivables turnover ratio for Brink`s Co. has been relatively stable over the past eight quarters, ranging from 5.10 to 6.12. This ratio indicates how efficiently the company is managing its accounts receivable by generating sales and collecting payments from customers.

A higher receivables turnover ratio suggests that Brink`s Co. is more efficient in collecting payments from customers, which is generally a positive indicator of the company's liquidity and cash flow management.

Overall, the trend in the receivables turnover ratio for Brink`s Co. shows a consistent performance in managing its accounts receivable effectively over the past two years. However, it would be important to compare this ratio with industry benchmarks or historical data within the company to gain a better perspective on its performance.