Crocs Inc (CROX)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,094,330 | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 |
| Receivables | US$ in thousands | 261,703 | 310,160 | 310,346 | 204,930 | 151,704 |
| Receivables turnover | 15.64 | 12.25 | 11.02 | 11.18 | 9.07 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,094,330K ÷ $261,703K
= 15.64
Crocs Inc's receivables turnover has shown a generally positive trend over the years, increasing from 9.07 in December 31, 2020, to 15.64 in December 31, 2024. This indicates that the company has been able to collect its accounts receivable more efficiently in recent years. A higher receivables turnover ratio suggests that Crocs Inc is collecting payments from its customers more quickly, which is a positive sign of effective credit management and liquidity. It also indicates that the company is converting its accounts receivable into cash at a faster rate, which can improve its cash flow and overall financial health. Overall, the increasing trend in receivables turnover reflects a strong performance in managing its accounts receivable effectively.
Peer comparison
Dec 31, 2024