BWX Technologies Inc (BWXT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,700,960 | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 |
| Receivables | US$ in thousands | 152,311 | 86,519 | 60,782 | 70,663 | 153,368 |
| Receivables turnover | 17.73 | 28.32 | 36.02 | 29.63 | 13.65 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,700,960K ÷ $152,311K
= 17.73
Based on the provided data for BWX Technologies Inc's receivables turnover, we can see a fluctuating trend over the years.
- In December 31, 2020, the receivables turnover ratio was 13.65, indicating that the company collected its accounts receivable approximately 13.65 times during that year.
- This ratio increased substantially to 29.63 by December 31, 2021, suggesting a more efficient collection process.
- By December 31, 2022, the receivables turnover ratio further improved to 36.02, showing a significant enhancement in the company's ability to collect receivables promptly.
- However, there was a slight decrease in efficiency by December 31, 2023, with a receivables turnover ratio of 28.32.
- The trend continued downward by December 31, 2024, with a receivables turnover ratio of 17.73, indicating a potential slowdown in the collection of accounts receivable compared to the previous year.
Overall, BWX Technologies Inc's receivables turnover ratio has shown both positive and negative fluctuations over the period, suggesting varying effectiveness in managing accounts receivable collection. Further analysis of the underlying reasons for these changes may provide insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024