CF Industries Holdings Inc (CF)
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 | 6,631,000 | 7,668,000 | 8,716,000 | 10,330,000 | 11,186,000 | 11,118,000 | 10,159,000 | 8,358,000 | 6,538,000 | 5,100,000 | 4,585,000 | 4,201,000 | 4,124,000 | 4,071,000 | 4,262,000 | 4,560,000 | 4,590,000 | 4,673,000 | 4,675,000 | 4,473,000 |
| Receivables | US$ in thousands | 505,000 | 417,000 | 388,000 | 482,000 | 582,000 | 721,000 | 724,000 | 679,000 | 497,000 | 386,000 | 401,000 | 271,000 | 265,000 | 234,000 | 250,000 | 251,000 | 242,000 | 311,000 | 313,000 | 264,000 |
| Receivables turnover | 13.13 | 18.39 | 22.46 | 21.43 | 19.22 | 15.42 | 14.03 | 12.31 | 13.15 | 13.21 | 11.43 | 15.50 | 15.56 | 17.40 | 17.05 | 18.17 | 18.97 | 15.03 | 14.94 | 16.94 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,631,000K ÷ $505,000K
= 13.13
CF Industries Holdings Inc's receivables turnover has displayed fluctuations over the past eight quarters. The company's receivables turnover ratio has shown an improving trend from Q1 2022 to Q3 2023, indicating that the company is collecting its accounts receivable more efficiently during these periods.
The receivables turnover ratio declined during Q4 2023 compared to the previous quarter, which may suggest that the company took longer to collect its receivables in the most recent quarter or that sales decreased relative to accounts receivable. Despite the small dip in Q4 2023, the overall trend of increasing turnover ratios from Q1 2022 to Q3 2023 is a positive sign for the company's liquidity and effectiveness in managing its accounts receivable.
It is important for CF Industries Holdings Inc to continue monitoring and managing its receivables turnover to ensure that it maintains a healthy balance between sales volume and efficient collection of accounts receivable, ultimately contributing to the company's financial stability and growth.
Peer comparison
Dec 31, 2023