Crocs Inc (CROX)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,063,771 | 4,001,482 | 3,944,352 | 3,864,032 | 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 |
| Receivables | US$ in thousands | 261,703 | 364,564 | 422,701 | 484,493 | 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 |
| Receivables turnover | 15.53 | 10.98 | 9.33 | 7.98 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,063,771K ÷ $261,703K
= 15.53
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. An increasing receivables turnover ratio generally indicates more efficient management of credit sales and collection efforts.
Analyzing the data provided for Crocs Inc's receivables turnover, we can see fluctuations in the ratio over the quarters. From March 31, 2020, to December 31, 2024, the receivables turnover ratio shows an overall increasing trend with some fluctuations in between.
The receivables turnover ratio increased from 6.87 on March 31, 2020, to 15.53 on December 31, 2024. This signifies that Crocs Inc improved its ability to collect outstanding receivables efficiently over this period. However, there were intermittent periods where the ratio decreased slightly before picking up again.
The peak receivables turnover ratio of 15.53 on December 31, 2024, suggests that Crocs Inc was able to collect receivables more than 15 times during that quarter, indicating strong efficiency in managing its accounts receivable. On the other hand, the ratio dropped to 6.21 on March 31, 2022, but improved gradually thereafter.
Overall, the increasing trend in the receivables turnover ratio for Crocs Inc indicates better credit management and collection practices, which is a positive sign for the company's financial health. It suggests that the company is effectively managing its credit policies and collecting outstanding receivables in a timely manner.
Peer comparison
Dec 31, 2024