Baker Hughes Co (BKR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 27,631,000 | 26,809,000 | 26,547,000 | 25,693,000 | 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 |
| Receivables | US$ in thousands | 7,122,000 | 6,920,000 | 7,051,000 | 6,873,000 | 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 |
| Receivables turnover | 3.88 | 3.87 | 3.76 | 3.74 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $27,631,000K ÷ $7,122,000K
= 3.88
The receivables turnover ratio for Baker Hughes Co has shown some fluctuations over the past few years. It ranged between 3.39 and 3.94, indicating that, on average, the company collected its accounts receivable approximately 3.5 times a year.
The trend suggests that the company has been able to efficiently manage its accounts receivable, though there were slight variations in turnover rates. The ratio decreased from 3.94 in June 2020 to 3.53 in December 2022, before increasing again to 3.88 in December 2024.
Overall, a consistent or increasing trend in the receivables turnover ratio indicates that Baker Hughes Co is efficiently collecting its outstanding payments from customers. However, it is essential to analyze the reasons behind the fluctuations to ensure that the company is maintaining a healthy receivables management process.
Peer comparison
Dec 31, 2024