Crocs Inc (CROX)
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 | 3,799,361 | 3,774,430 | 3,720,249 | 3,622,738 | 3,424,385 | 3,112,307 | 2,781,762 | 2,484,734 | 2,300,270 | 2,125,150 | 1,864,815 | 1,557,826 | 1,377,267 | 1,228,740 | 1,178,749 | 1,205,848 | 1,221,229 | 1,174,239 | 1,127,337 | 1,100,907 |
| Receivables | US$ in thousands | 310,160 | 394,254 | 411,925 | 422,042 | 310,346 | 400,121 | 425,713 | 400,286 | 204,930 | 230,553 | 234,614 | 232,547 | 151,704 | 147,900 | 164,088 | 175,572 | 109,540 | 129,096 | 174,806 | 180,043 |
| Receivables turnover | 12.25 | 9.57 | 9.03 | 8.58 | 11.03 | 7.78 | 6.53 | 6.21 | 11.22 | 9.22 | 7.95 | 6.70 | 9.08 | 8.31 | 7.18 | 6.87 | 11.15 | 9.10 | 6.45 | 6.11 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,799,361K ÷ $310,160K
= 12.25
Crocs Inc's receivables turnover has shown fluctuations over the quarters. Receivables turnover measures how efficiently a company is collecting cash from its customers. In Q4 2023, the receivables turnover ratio was 11.96, indicating that Crocs converted its accounts receivable into cash nearly 12 times during the quarter. This is an improvement from the previous quarter where it was 9.45.
Overall, the trend has been positive, with receivables turnover generally increasing over the past year. This suggests that Crocs has been more efficient in collecting cash from its customers, which is a positive sign for the company's liquidity and cash flow management. The current ratio is a reflection of the company's effectiveness in managing its credit sales and collection of accounts receivable.
Peer comparison
Dec 31, 2023