Curtiss-Wright Corporation (CW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Receivables | US$ in thousands | 732,678 | 723,304 | 647,148 | 588,718 | 632,194 |
| Receivables turnover | 3.82 | 3.47 | 3.81 | 4.06 | 3.94 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,796,860K ÷ $732,678K
= 3.82
The receivables turnover ratio for Curtiss-Wright Corp. has exhibited some fluctuations over the past five years. The ratio was 3.88 in 2023, slightly higher than the previous year's figure of 3.53 in 2022, indicating that the company collected its accounts receivable approximately 3.88 times during the year.
Comparing the 2023 ratio to the figures from 2021 (3.87), 2020 (4.06), and 2019 (3.94), it appears that there have been minor variations in the efficiency of receivables collection during these years.
Although a higher receivables turnover ratio is generally preferable as it suggests a shorter collection period and better liquidity, it is essential to consider the industry norms and specific company circumstances when evaluating this metric in isolation.
Overall, a consistent analysis of receivables turnover in conjunction with other financial ratios and operational metrics can provide a more comprehensive understanding of Curtiss-Wright Corp.'s working capital management and financial performance.
Peer comparison
Dec 31, 2023