Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,003,000 | 23,595,000 | 23,342,000 | 22,645,000 | 21,752,000 | 21,786,000 | 21,506,000 | 20,725,000 | 21,238,000 | 21,272,000 | 21,162,000 | 21,391,000 | 20,288,000 | 20,074,000 | 19,645,000 | 18,092,000 | 17,250,000 |
| Receivables | US$ in thousands | 2,651,000 | 2,726,000 | 3,187,000 | 3,156,000 | 2,080,000 | 3,030,000 | 3,212,000 | 3,032,000 | 2,833,000 | 3,003,000 | 2,823,000 | 2,599,000 | 2,403,000 | 2,669,000 | 3,128,000 | 2,831,000 | 2,781,000 |
| Receivables turnover | 9.05 | 8.66 | 7.32 | 7.18 | 10.46 | 7.19 | 6.70 | 6.84 | 7.50 | 7.08 | 7.50 | 8.23 | 8.44 | 7.52 | 6.28 | 6.39 | 6.20 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $24,003,000K ÷ $2,651,000K
= 9.05
The receivables turnover ratio for Carrier Global Corp has shown some fluctuations over the reported periods. Starting at 6.20 on December 31, 2020, the ratio increased gradually to 10.46 by December 31, 2023. This indicates that the company was collecting its accounts receivable more frequently, possibly due to improved credit policies or more efficient collection processes.
However, in the following periods up to December 31, 2024, the receivables turnover ratio declined slightly to 9.05. This could suggest a slowdown in the collection of receivables compared to the previous year. Overall, a receivables turnover ratio above 1 indicates that the company is collecting its outstanding accounts relatively quickly.
It is essential for Carrier Global Corp to monitor this ratio continuously to ensure the efficient management of its receivables and assess whether any changes in collection practices or customer credit risk may be impacting the ratio.
Peer comparison
Dec 31, 2024