Clearwater Paper Corporation (CLW)

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	2,082,800	2,096,700	2,115,600	2,117,400	2,080,200	2,043,200	1,954,900	1,834,900	1,772,600	1,735,500	1,742,400	1,816,600	1,868,600	1,851,400	1,839,200	1,810,600	1,761,500	1,754,689	1,735,949	1,716,048
Receivables	US$ in thousands	184,500	173,000	196,600	186,300	188,800	180,400	187,300	172,300	167,400	159,400	144,000	134,900	160,600	179,500	191,900	207,100	159,400	157,929	169,972	168,093
Receivables turnover		11.29	12.12	10.76	11.37	11.02	11.33	10.44	10.65	10.59	10.89	12.10	13.47	11.64	10.31	9.58	8.74	11.05	11.11	10.21	10.21

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,082,800K ÷ $184,500K
= 11.29

The analysis of Clearwater Paper Corp's receivables turnover ratio over the last eight quarters reveals some fluctuations in the efficiency of the company in collecting its outstanding receivables.

The receivables turnover ratio measures how effectively a company is managing its receivables by indicating the number of times during a period that receivables are collected and replaced. A higher ratio signifies quicker collection of receivables, which is generally preferred.

Clearwater Paper Corp's receivables turnover ratio ranged from 10.44 to 12.12 over the past eight quarters. The average receivables turnover ratio for the period was approximately 11.12, indicating that, on average, Clearwater Paper Corp collected its outstanding receivables around 11 times per year.

During the period, Clearwater Paper Corp's receivables turnover ratio peaked in Q3 2023 at 12.12, reflecting efficient management in collecting receivables. Conversely, the lowest turnover ratio of 10.44 was recorded in Q2 2022, suggesting a relatively slower collection of receivables during that quarter.

Overall, the trend in Clearwater Paper Corp's receivables turnover ratio shows some variability but remained relatively stable around the average of 11.12. Further scrutiny and comparison with industry benchmarks may provide additional insights into the company's receivables management efficiency.