Columbia Sportswear Company (COLM)

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	3,508,867	3,617,807	3,586,986	3,545,274	3,486,171	3,445,691	3,294,837	3,281,517	3,141,308	2,921,771	2,812,935	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098	3,042,478	3,005,209	2,894,217	2,849,626
Receivables	US$ in thousands	423,079	686,821	343,835	466,690	547,561	600,457	296,636	408,186	487,803	500,451	279,763	338,787	452,945	479,376	217,536	312,951	488,233	646,414	280,641	341,136
Receivables turnover		8.29	5.27	10.43	7.60	6.37	5.74	11.11	8.04	6.44	5.84	10.05	7.55	5.52	5.30	12.63	9.45	6.23	4.65	10.31	8.35

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,508,867K ÷ $423,079K
= 8.29

Columbia Sportswear Co.'s receivables turnover has shown variability over the past eight quarters. The receivables turnover ratio indicates how efficiently the company is collecting payments from its customers.

The average receivables turnover for the last eight quarters was 7.45 times. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally favorable as it indicates efficient management of credit and collection policies.

Looking at the quarterly fluctuations, Q2 2022 and Q2 2023 had the highest receivables turnover ratios at 11.04 and 10.37, respectively, indicating that the company was particularly efficient in collecting payments during these periods. On the other hand, Q3 2022 and Q3 2023 had lower ratios at 5.70 and 5.24, respectively, suggesting a potential delay in collecting receivables during those quarters.

Overall, despite some fluctuations, Columbia Sportswear Co. has maintained a relatively healthy receivables turnover ratio, suggesting efficient management of accounts receivable and credit policies. Management should continue to monitor this ratio closely to ensure timely collection of receivables and maintain healthy cash flows.