Topbuild Corp (BLD)
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 | 5,120,910 | 5,099,790 | 5,078,940 | 5,041,270 | 4,951,870 | 4,757,590 | 4,311,639 | 3,878,974 | 3,443,847 | 3,112,824 | 2,961,908 | 2,771,414 | 2,692,863 | 2,633,725 | 2,617,128 | 2,629,892 | 2,595,201 | 2,572,399 | 2,546,712 | 2,502,046 |
| Receivables | US$ in thousands | 799,009 | 870,890 | 857,664 | 833,959 | 836,071 | 815,633 | 773,744 | 735,452 | 668,419 | 516,941 | 491,625 | 462,848 | 427,340 | 436,548 | 423,000 | 431,649 | 428,844 | 454,640 | 444,823 | 428,713 |
| Receivables turnover | 6.41 | 5.86 | 5.92 | 6.04 | 5.92 | 5.83 | 5.57 | 5.27 | 5.15 | 6.02 | 6.02 | 5.99 | 6.30 | 6.03 | 6.19 | 6.09 | 6.05 | 5.66 | 5.73 | 5.84 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,120,910K ÷ $799,009K
= 6.41
The receivables turnover for TopBuild Corp has shown relatively consistent performance over the past eight quarters, ranging between 5.32 and 6.50. This ratio indicates how efficiently the company is collecting its accounts receivable from customers during each period. A higher turnover ratio suggests that the company is collecting its receivables more quickly.
The average receivables turnover for TopBuild Corp over these eight quarters is approximately 5.92, indicating that, on average, the company collects its accounts receivable almost 6 times a year. This suggests that TopBuild Corp has been generally effective in managing its receivables and converting them into cash.
Overall, the trend of the receivables turnover ratio for TopBuild Corp does not show significant fluctuations, indicating stability in the company's accounts receivable management and collection processes.