Topbuild Corp (BLD)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,331,020 | 5,121,100 | 4,950,980 | 3,442,500 | 2,686,160 |
| Receivables | US$ in thousands | 751,612 | 799,009 | 836,071 | 668,419 | 427,340 |
| Receivables turnover | 7.09 | 6.41 | 5.92 | 5.15 | 6.29 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,331,020K ÷ $751,612K
= 7.09
The receivables turnover ratio for Topbuild Corp has shown some fluctuations over the past five years. In December 2020, the receivables turnover was 6.29, indicating that the company collected its receivables on average approximately 6.29 times during that year.
However, in December 2021, the receivables turnover decreased to 5.15, suggesting that the company took longer to collect its receivables compared to the previous year.
The ratio improved in December 2022, reaching 5.92, showing a more efficient collection of receivables compared to the previous year.
By December 2023, the receivables turnover further increased to 6.41, indicating that the company was collecting its receivables at a faster rate than in the previous year.
The most recent data point, in December 2024, shows a receivables turnover of 7.09, the highest in the five-year period, demonstrating an improvement in the company's ability to collect its receivables efficiently.
Overall, the trend in the receivables turnover ratio for Topbuild Corp over the past five years reflects some fluctuations but generally indicates an improvement in the company's ability to manage its receivables effectively.