Carlisle Companies Incorporated (CSL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,586,900 | 5,449,400 | 4,810,300 | 3,969,900 | 4,484,600 |
| Receivables | US$ in thousands | 615,300 | 829,100 | 814,600 | 612,700 | 783,000 |
| Receivables turnover | 7.45 | 6.57 | 5.91 | 6.48 | 5.73 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,586,900K ÷ $615,300K
= 7.45
The receivables turnover ratio for Carlisle Companies Inc. has fluctuated over the past five years, with values ranging from 5.91 to 7.95. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly.
In 2023, the receivables turnover ratio decreased to 7.45 from the previous year's 7.95. Despite the slight decrease, Carlisle Companies Inc. is still able to efficiently collect its receivables, albeit at a slightly slower rate compared to the prior year.
Comparing the most recent ratio to the ratios of the preceding years, it appears that 2022 had the highest turnover ratio of 7.95, suggesting that the company was more effective in collecting its receivables that year. However, the 2023 ratio of 7.45 remains relatively strong and signals good management of receivables.
Analyzing the trend over the five-year period, we observe fluctuations in the company's ability to convert accounts receivable into cash promptly. It would be advisable for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's credit and collection policies and their impact on cash flow and overall performance.
Peer comparison
Dec 31, 2023