Chemed Corp (CHE)
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 | 2,264,417 | 2,225,159 | 2,187,099 | 2,164,571 | 2,134,963 | 2,129,287 | 2,141,482 | 2,142,450 | 2,139,261 | 2,131,572 | 2,121,202 | 2,091,145 | 2,079,583 | 2,068,618 | 2,020,934 | 1,992,319 | 1,938,555 | 1,873,739 | 1,837,277 | 1,805,506 |
| Receivables | US$ in thousands | 181,511 | 168,031 | 120,314 | 153,816 | 139,408 | 121,662 | 136,555 | 117,319 | 137,217 | 118,193 | 123,329 | 104,748 | 126,853 | 110,839 | 132,487 | 134,695 | 143,827 | 114,480 | 136,113 | 119,575 |
| Receivables turnover | 12.48 | 13.24 | 18.18 | 14.07 | 15.31 | 17.50 | 15.68 | 18.26 | 15.59 | 18.03 | 17.20 | 19.96 | 16.39 | 18.66 | 15.25 | 14.79 | 13.48 | 16.37 | 13.50 | 15.10 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,264,417K ÷ $181,511K
= 12.48
The receivables turnover for Chemed Corp. has exhibited fluctuations over the past eight quarters. The highest turnover was observed in Q2 2023 at 18.18, indicating that Chemed Corp. collected its accounts receivable approximately 18 times during that period. This suggests efficient management of accounts receivable and a shorter collection period. On the other hand, the lowest turnover was recorded in Q4 2023 at 12.48, reflecting a longer collection period compared to the other quarters.
Overall, the trend of the receivables turnover ratio for Chemed Corp. shows some variability, with occasional spikes followed by declines. It is essential for the company to monitor and potentially improve its receivables turnover to ensure timely collection of outstanding payments and efficient management of its working capital.
Peer comparison
Dec 31, 2023