Celanese Corporation (CE)
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 | 10,254,000 | 10,108,000 | 9,713,000 | 9,534,000 | 9,350,000 | 9,417,000 | 9,523,000 | 9,245,000 | 8,517,000 | 7,793,000 | 6,925,000 | 5,920,000 | 5,580,000 | 5,485,000 | 5,659,000 | 6,054,000 | 6,284,000 | 6,548,000 | 6,732,000 | 6,984,000 |
| Receivables | US$ in thousands | 1,998,000 | 1,909,000 | 1,963,000 | 2,313,000 | 2,413,000 | 1,612,000 | 1,827,000 | 1,913,000 | 1,786,000 | 1,738,000 | 1,788,000 | 1,510,000 | 1,335,000 | 1,063,000 | 1,041,000 | 1,160,000 | 1,302,000 | 1,282,000 | 1,303,000 | 1,358,000 |
| Receivables turnover | 5.13 | 5.29 | 4.95 | 4.12 | 3.87 | 5.84 | 5.21 | 4.83 | 4.77 | 4.48 | 3.87 | 3.92 | 4.18 | 5.16 | 5.44 | 5.22 | 4.83 | 5.11 | 5.17 | 5.14 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,254,000K ÷ $1,998,000K
= 5.13
To analyze Celanese Corp's receivables turnover, we calculated the receivables turnover ratio for the eight quarters provided. The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. A higher ratio indicates faster collection of receivables.
Looking at the data, we observe fluctuation in Celanese Corp's receivables turnover over the past eight quarters. The highest receivables turnover ratio was in Q4 2023 at 6.13, indicating that the company collected its outstanding receivables approximately 6.13 times during the quarter. This suggests that Celanese Corp was efficient in collecting payments from customers during this period.
On the other hand, the lowest receivables turnover ratio was in Q1 2023 at 4.32, reflecting a slower collection of receivables compared to other quarters. This may imply that Celanese Corp faced challenges in collecting payments during Q1 2023, which could impact its cash flow and liquidity.
Overall, it is important for Celanese Corp to monitor its receivables turnover consistently to ensure timely collection of payments and maintain healthy liquidity levels. Fluctuations in the receivables turnover ratio can provide insights into the company's operational efficiency and effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2023