Carrier Global Corp (CARR)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,890,000 | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Receivables | US$ in thousands | 2,651,000 | 2,080,000 | 2,833,000 | 2,403,000 | 2,781,000 |
| Receivables turnover | 8.63 | 10.32 | 7.76 | 8.44 | 6.57 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,890,000K ÷ $2,651,000K
= 8.63
The receivables turnover for Carrier Global Corp has shown varying trends over the past five years. Starting at 6.57 in December 31, 2020, it increased to 8.44 by December 31, 2021, indicating an improvement in the company's efficiency in collecting receivables. However, in December 31, 2022, the receivables turnover slightly decreased to 7.76 before picking up again to 10.32 by December 31, 2023, which is a significant improvement.
Subsequently, by December 31, 2024, the receivables turnover dropped to 8.63. Overall, the trend demonstrates some fluctuations in the efficiency of Carrier Global Corp in collecting its receivables over the specified period, with notable improvements in certain years. A higher receivables turnover ratio generally reflects the company's ability to collect outstanding payments quickly, which is vital for maintaining healthy cash flows and liquidity.
Peer comparison
Dec 31, 2024