Cabot Corporation (CBT)
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 | 3,924,000 | 3,931,000 | 4,078,000 | 4,259,000 | 4,318,000 | 4,321,000 | 4,113,000 | 3,881,000 | 3,631,000 | 3,409,000 | 3,164,000 | 2,765,000 | 2,633,000 | 2,614,000 | 2,782,000 | 3,109,000 | 3,243,000 | 3,337,000 | 3,360,000 | 3,369,000 |
| Receivables | US$ in thousands | 726,000 | 695,000 | 688,000 | 767,000 | 779,000 | 836,000 | 876,000 | 791,000 | 660,000 | 645,000 | 633,000 | 578,000 | 513,000 | 418,000 | 362,000 | 462,000 | 485,000 | 530,000 | 611,000 | 555,000 |
| Receivables turnover | 5.40 | 5.66 | 5.93 | 5.55 | 5.54 | 5.17 | 4.70 | 4.91 | 5.50 | 5.29 | 5.00 | 4.78 | 5.13 | 6.25 | 7.69 | 6.73 | 6.69 | 6.30 | 5.50 | 6.07 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,924,000K ÷ $726,000K
= 5.40
The receivables turnover ratio of Cabot Corp. has been relatively stable over the past eight quarters, ranging between 4.70 and 5.93 times. This ratio indicates how efficiently the company is collecting payments from customers. A higher receivables turnover ratio suggests that Cabot is collecting payments more quickly, which is a positive sign of strong liquidity and effective credit and collection policies. The slight fluctuations in the ratio may be attributed to seasonal variations or changes in customer payment behavior. Overall, Cabot Corp. appears to be managing its accounts receivable effectively, maintaining a healthy balance between sales on credit and timely collection of payments.
Peer comparison
Dec 31, 2023