Baker Hughes Co (BKR)
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 | 24,941,000 | 23,990,000 | 22,603,000 | 21,333,000 | 20,452,000 | 20,453,000 | 20,175,000 | 20,265,000 | 20,202,000 | 20,101,000 | 20,058,000 | 19,648,000 | 20,306,000 | 21,363,000 | 22,203,000 | 23,474,000 | 23,664,000 | 23,581,000 | 23,368,000 | 22,915,000 |
| Receivables | US$ in thousands | 7,075,000 | 6,505,000 | 6,418,000 | 6,291,000 | 5,958,000 | 5,583,000 | 5,572,000 | 5,738,000 | 5,651,000 | 5,326,000 | 5,407,000 | 5,263,000 | 5,622,000 | 5,647,000 | 5,636,000 | 6,148,000 | 6,416,000 | 6,165,000 | 6,310,000 | 6,319,000 |
| Receivables turnover | 3.53 | 3.69 | 3.52 | 3.39 | 3.43 | 3.66 | 3.62 | 3.53 | 3.57 | 3.77 | 3.71 | 3.73 | 3.61 | 3.78 | 3.94 | 3.82 | 3.69 | 3.82 | 3.70 | 3.63 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,941,000K ÷ $7,075,000K
= 3.53
Baker Hughes Co's receivables turnover has shown a consistent trend over the past eight quarters. The turnover ratio has ranged from 3.50 to 3.78, reflecting the number of times the company's accounts receivable were collected and replaced during each quarter.
On average, Baker Hughes collects its accounts receivable approximately 3.62 times a quarter. The slight fluctuations in the receivables turnover ratio indicate that the company has been managing its accounts receivable effectively, although there might have been some variability in the collection efficiency from quarter to quarter.
Overall, the receivables turnover ratio suggests that Baker Hughes Co has a moderate ability to collect its outstanding receivables in a timely manner. Investors and stakeholders should continue to monitor this ratio to ensure that the company's credit and collection policies remain effective and efficient.
Peer comparison
Dec 31, 2023