Clean Harbors Inc (CLH)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,754,620 | 5,765,470 | 5,607,830 | 5,459,390 | 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 |
| Receivables | US$ in thousands | 1,015,360 | 1,100,660 | 1,089,830 | 1,039,760 | 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 |
| Receivables turnover | 5.67 | 5.24 | 5.15 | 5.25 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,754,620K ÷ $1,015,360K
= 5.67
The receivables turnover ratio for Clean Harbors Inc has shown a fluctuating trend over the past several periods. It measures the efficiency of the company in collecting outstanding receivables from its customers during a specific period.
From March 31, 2020, to September 30, 2021, the ratio generally decreased from 5.29 to 4.87 before stabilizing. This declining trend indicates that the company took longer to collect its receivables during these periods.
However, from December 31, 2021, to June 30, 2024, the ratio started to show signs of improvement, increasing from 4.80 to 5.15 before ending at 5.67. This upward trend suggests that Clean Harbors Inc became more effective in collecting its accounts receivable, indicating better management of its credit policies and receivables collection practices.
Overall, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. Therefore, the increasing trend observed in the latter periods may suggest a positive development in Clean Harbors Inc's receivables management.