Clean Harbors Inc (CLH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 | 3,409,670 |
| Receivables | US$ in thousands | 983,111 | 964,603 | 792,734 | 611,534 | 644,738 |
| Receivables turnover | 5.49 | 5.36 | 4.80 | 5.13 | 5.29 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,395,620K ÷ $983,111K
= 5.49
Clean Harbors, Inc. has demonstrated a relatively stable trend in its receivables turnover over the past five years. The company's receivables turnover ratio ranged from 4.29 to 4.96 during this period, indicating that, on average, it collected its accounts receivable approximately 4.7 times a year.
A higher receivables turnover ratio implies that the company is collecting its accounts receivable more efficiently. Despite some fluctuations, Clean Harbors has generally maintained a healthy turnover ratio, suggesting effective management of its accounts receivable and timely collection from customers.
It is worth noting that a consistent and relatively high receivables turnover ratio can be a positive indicator of a company's liquidity and operational efficiency. However, further analysis and comparison with industry benchmarks could provide additional insights into Clean Harbors' performance in managing its receivables effectively.
Peer comparison
Dec 31, 2023