Crocs Inc (CROX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 | 1,219,870 |
| Receivables | US$ in thousands | 310,160 | 310,346 | 204,930 | 151,704 | 109,540 |
| Receivables turnover | 12.25 | 11.02 | 11.18 | 9.07 | 11.14 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,799,360K ÷ $310,160K
= 12.25
Crocs Inc's receivables turnover has shown a generally increasing trend over the past five years. The company's ability to collect on its receivables improved from 8.53 times in 2020 to 11.96 times in 2023. This indicates that Crocs Inc is collecting its accounts receivables more efficiently in recent years. A higher receivables turnover ratio suggests that the company is more effectively managing its credit policies and collecting outstanding payments from customers in a timely manner. Overall, the upward trend in the receivables turnover ratio reflects positively on the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023