Clean Harbors Inc (CLH)
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 | 5,395,620 | 5,338,840 | 5,337,840 | 5,308,930 | 5,168,630 | 4,988,910 | 4,587,405 | 4,156,892 | 3,803,032 | 3,426,911 | 3,272,642 | 3,074,051 | 3,139,310 | 3,215,536 | 3,321,592 | 3,480,263 | 3,405,713 | 3,392,912 | 3,350,811 | 3,331,464 |
| Receivables | US$ in thousands | 983,111 | 1,010,340 | 981,233 | 963,659 | 964,603 | 1,026,230 | 1,005,490 | 900,273 | 792,734 | 703,199 | 659,364 | 620,184 | 611,534 | 602,069 | 572,373 | 658,482 | 644,738 | 641,667 | 632,888 | 613,507 |
| Receivables turnover | 5.49 | 5.28 | 5.44 | 5.51 | 5.36 | 4.86 | 4.56 | 4.62 | 4.80 | 4.87 | 4.96 | 4.96 | 5.13 | 5.34 | 5.80 | 5.29 | 5.28 | 5.29 | 5.29 | 5.43 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,395,620K ÷ $983,111K
= 5.49
The receivables turnover ratio of Clean Harbors, Inc. has been relatively stable over the past eight quarters, ranging from 4.03 to 4.96. This indicates that, on average, the company collects its accounts receivable approximately 4.5 times per year.
A higher receivables turnover ratio is generally seen as favorable as it suggests that the company is efficiently collecting payments from its customers. Clean Harbors' consistent ratio above 4 demonstrates that they have been effectively managing their accounts receivable and converting them into cash.
Overall, the company's receivables turnover performance reflects a healthy liquidity position and efficient working capital management. It is important for stakeholders to monitor this ratio over time to ensure that the company continues to effectively manage its accounts receivable.
Peer comparison
Dec 31, 2023