Crane Company (CR)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,063,700 | |||
| Receivables | US$ in thousands | 306,400 | 323,500 | 299,700 | 315,600 |
| Receivables turnover | 6.74 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,063,700K ÷ $306,400K
= 6.74
The receivables turnover ratio for Crane Company was 6.74 as of December 31, 2023. This ratio indicates that the company collected its accounts receivable approximately 6.74 times during the year. A higher receivables turnover ratio generally suggests that the company is efficient in collecting payments from its customers. However, it is important to consider industry benchmarks and trends over time to assess the effectiveness of Crane Company's accounts receivable management.
Peer comparison
Dec 31, 2023
Company name
Symbol
Receivables turnover
Crane Company
CR
6.74
Barnes Group Inc
B
3.92
Crane NXT Co
CXT
8.87
Parker-Hannifin Corporation
PH
91.82
Watts Water Technologies Inc
WTS
7.88