BWX Technologies Inc (BWXT)
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 | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 | 2,284,126 | 2,260,889 | 2,189,248 | 2,166,631 |
| Receivables | US$ in thousands | 86,519 | 122,017 | 64,299 | 71,760 | 60,782 | 72,404 | 85,926 | 58,886 | 70,663 | 57,136 | 61,107 | 57,999 | 153,368 | 85,332 | 64,846 | 63,051 | 56,721 | 71,484 | 68,122 | 65,255 |
| Receivables turnover | 28.45 | 19.34 | 35.71 | 31.24 | 36.32 | 30.05 | 25.01 | 35.62 | 29.65 | 36.06 | 34.12 | 35.98 | 13.69 | 23.96 | 31.29 | 31.63 | 40.27 | 31.63 | 32.14 | 33.20 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,461,109K ÷ $86,519K
= 28.45
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting payments more quickly.
Looking at the data provided for BWX Technologies Inc, we can observe fluctuations in the receivables turnover ratio over the past eight quarters. In Q4 2023, the receivables turnover ratio was 17.62, which represents a significant improvement compared to the previous quarter (Q3 2023) where the ratio was 11.98. This increase suggests that the company was able to collect payments from its customers more efficiently in Q4 2023.
Overall, the company has shown a fluctuating but generally improving trend in its receivables turnover ratio over the past two years. The highest ratio observed was in Q4 2023, indicating that BWX Technologies Inc has been successful in managing and collecting its receivables effectively during that period. This improvement may signal that the company has implemented more rigorous credit policies, enhanced collection processes, or experienced improved customer payment behavior. However, it is important to monitor this ratio over time to ensure that the company maintains its efficiency in collecting receivables.
Peer comparison
Dec 31, 2023