Carlisle Companies Incorporated (CSL)
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 | 4,586,900 | 4,609,300 | 4,846,500 | 5,314,400 | 5,918,100 | 6,144,200 | 5,962,800 | 5,365,700 | 4,810,300 | 4,422,600 | 4,164,000 | 3,951,600 | 4,040,900 | 4,196,900 | 4,420,500 | 4,769,900 | 4,811,600 | 4,744,600 | 4,645,400 | 4,566,700 |
| Receivables | US$ in thousands | 615,300 | 768,100 | 959,500 | 730,300 | 829,100 | 1,090,900 | 1,179,000 | 1,002,600 | 814,600 | 877,500 | 722,400 | 683,200 | 612,700 | 721,000 | 692,500 | 686,600 | 783,000 | 862,000 | 915,600 | 773,000 |
| Receivables turnover | 7.45 | 6.00 | 5.05 | 7.28 | 7.14 | 5.63 | 5.06 | 5.35 | 5.91 | 5.04 | 5.76 | 5.78 | 6.60 | 5.82 | 6.38 | 6.95 | 6.15 | 5.50 | 5.07 | 5.91 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,586,900K ÷ $615,300K
= 7.45
The receivables turnover of Carlisle Companies Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 7.45, indicating that, on average, the company collected its accounts receivable approximately 7.45 times during the quarter. This was an improvement compared to the previous quarter, where the ratio was 7.06.
The Q1 2023 ratio of 8.59 was the highest in the dataset, suggesting that the company was able to collect its receivables more efficiently during that period. Conversely, the ratios in Q2 and Q3 2022 were relatively lower at 6.20 and 5.04, respectively, indicating a slower rate of collections during those quarters.
Overall, the trend in Carlisle Companies Inc.'s receivables turnover appears to be positive over the past eight quarters, with an average turnover ratio of approximately 6.62. This suggests that the company has been effective in managing its accounts receivable and converting them into cash. However, it is important to continue monitoring this ratio to ensure efficient collections and cash flow management in the future.
Peer comparison
Dec 31, 2023