Chemours Co (CC)
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 | 5,881,000 | 5,818,000 | 6,130,000 | 6,410,000 | 6,639,000 | 6,872,000 | 6,744,000 | 6,477,000 | 6,141,000 | 5,876,000 | 5,441,000 | 4,873,000 | 4,737,000 | 4,824,000 | 4,981,000 | 5,297,000 | 5,371,000 | 5,668,000 | 5,912,000 | 6,286,000 |
| Receivables | US$ in thousands | 610,000 | 846,000 | 890,000 | 837,000 | 626,000 | 980,000 | 1,066,000 | 1,014,000 | 720,000 | 831,000 | 802,000 | 723,000 | 511,000 | 572,000 | 540,000 | 681,000 | 674,000 | 832,000 | 879,000 | 847,000 |
| Receivables turnover | 9.64 | 6.88 | 6.89 | 7.66 | 10.61 | 7.01 | 6.33 | 6.39 | 8.53 | 7.07 | 6.78 | 6.74 | 9.27 | 8.43 | 9.22 | 7.78 | 7.97 | 6.81 | 6.73 | 7.42 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,881,000K ÷ $610,000K
= 9.64
The receivables turnover ratio for Chemours Co has fluctuated over the past few quarters. The trend shows that the company's ability to collect its accounts receivable has varied, with some periods exhibiting higher turnover ratios while others have shown lower turnover ratios.
For the most recent quarter ending December 31, 2023, the receivables turnover ratio was 9.64, indicating that Chemours Co collected its outstanding receivables approximately 9.64 times during the period. This is an improvement from the previous quarter where the ratio was 6.88.
Overall, the historical data suggests that Chemours Co generally manages its accounts receivable effectively, with turnover ratios consistently above 6. However, the company should continue to monitor and manage its receivables effectively to ensure timely collections and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023