Topbuild Corp (BLD)
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 | 5,312,220 | 5,266,710 | 5,200,730 | 5,133,820 | 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 |
| Receivables | US$ in thousands | 751,612 | 827,776 | 859,725 | 829,221 | 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 |
| Receivables turnover | 7.07 | 6.36 | 6.05 | 6.19 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,312,220K ÷ $751,612K
= 7.07
The receivables turnover ratio for Topbuild Corp has shown fluctuations over the period analyzed. The company's receivables turnover ratio ranged from a low of 5.15 in December 31, 2021 to a high of 7.07 in December 31, 2024.
Overall, the trend indicates that there has been some variability in the collection of receivables during the period. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently, while a lower ratio may suggest slower collections.
It is important for investors and analysts to closely monitor changes in the receivables turnover ratio as it can provide insights into the company's liquidity, operational efficiency, and credit policies. Fluctuations in this ratio could indicate changes in the company's ability to collect on its outstanding receivables in a timely manner.