Cabot Corporation (CBT)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,994,000 | 3,931,000 | 4,321,000 | 3,409,000 | 2,614,000 |
| Receivables | US$ in thousands | 733,000 | 695,000 | 836,000 | 645,000 | 418,000 |
| Receivables turnover | 5.45 | 5.66 | 5.17 | 5.29 | 6.25 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,994,000K ÷ $733,000K
= 5.45
Cabot Corporation's receivables turnover ratio has been relatively stable over the past five years, ranging from 5.17 to 6.25 times. This indicates that, on average, the company collects its accounts receivable approximately 5 to 6 times per year. A higher turnover ratio generally signifies more efficient management of receivables and a shorter collection period. The slight fluctuations in the receivables turnover ratio suggest that Cabot Corporation has been consistent in its collection efforts, although there may have been some variations in the efficiency of receivables management year over year. Overall, a stable and reasonable level of receivables turnover reflects effective credit and collection policies in place at Cabot Corporation.
Peer comparison
Sep 30, 2024