Century Aluminum Company (CENX)
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 | 2,676,000 | 3,086,000 | 3,954,300 | 5,317,700 | 5,722,400 | 6,099,900 | 5,800,200 | 4,820,100 | 4,157,500 | 3,208,300 | 2,521,800 | 1,964,500 | 1,605,100 | 1,651,500 | 1,696,600 | 1,767,800 | 1,836,600 | 1,888,000 | 1,931,800 | 1,928,700 |
| Receivables | US$ in thousands | 89,900 | 65,300 | 48,800 | 64,300 | 71,700 | 86,800 | 139,200 | 146,300 | 88,900 | 89,300 | 92,700 | 78,700 | 61,300 | 65,600 | 45,700 | 70,700 | 100,200 | 105,200 | 113,700 | 114,700 |
| Receivables turnover | 29.77 | 47.26 | 81.03 | 82.70 | 79.81 | 70.28 | 41.67 | 32.95 | 46.77 | 35.93 | 27.20 | 24.96 | 26.18 | 25.18 | 37.12 | 25.00 | 18.33 | 17.95 | 16.99 | 16.82 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,676,000K ÷ $89,900K
= 29.77
Century Aluminum Company's receivables turnover ratio has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is collecting on its credit sales from customers.
In general, a higher receivables turnover ratio is considered favorable as it suggests that the company is collecting its accounts receivables more quickly, which can improve cash flow and reduce the risk of bad debts.
From the data provided, there appears to be a general upward trend in the receivables turnover ratio over the past several quarters, indicating that Century Aluminum Company has been improving its efficiency in collecting on credit sales.
The most recent ratio of 29.77 as of December 31, 2023, is lower compared to the previous two quarters, which might raise some concerns. However, it is still significantly higher compared to the ratios from a year ago.
Overall, it is important for investors and analysts to continue monitoring Century Aluminum Company's receivables turnover ratio to assess its ability to efficiently manage its accounts receivables and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023