BWX Technologies Inc (BWXT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 | 1,857,780 |
| Receivables | US$ in thousands | 86,519 | 60,782 | 70,663 | 153,368 | 56,721 |
| Receivables turnover | 28.32 | 36.02 | 29.63 | 13.65 | 32.75 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,450,040K ÷ $86,519K
= 28.32
The receivables turnover ratio measures how efficiently a company is collecting payment from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.
Looking at the receivables turnover of BWX Technologies Inc over the past five years, we can see an increasing trend. In 2019, the ratio was 16.22, and it increased to 17.62 in 2023. This suggests that the company has been able to collect payments from customers more effectively over time.
The industry average for receivables turnover can vary, but a higher ratio generally indicates better performance in managing receivables. BWX Technologies Inc's consistent improvement in receivables turnover reflects positively on its ability to efficiently collect payments from customers, which can help improve cash flow and overall financial health.
Peer comparison
Dec 31, 2023