Curtiss-Wright Corporation (CW)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,121,200 | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 |
| Receivables | US$ in thousands | 835,037 | 732,678 | 723,304 | 647,148 | 588,718 |
| Receivables turnover | 3.74 | 3.82 | 3.47 | 3.81 | 4.06 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,121,200K ÷ $835,037K
= 3.74
The receivables turnover for Curtiss-Wright Corporation has fluctuated over the past five years. In 2020, the receivables turnover ratio was 4.06, indicating that the company collected its accounts receivables approximately 4.06 times during the year. However, this ratio decreased to 3.81 in 2021, suggesting a slight decrease in the efficiency of collecting receivables.
By 2022, the ratio further decreased to 3.47, potentially signaling challenges in collecting outstanding amounts efficiently. The following year, in 2023, there was a slight improvement as the receivables turnover ratio increased to 3.82, indicating a better collection process.
In the most recent year, 2024, the receivables turnover ratio stood at 3.74. Although this figure is slightly lower compared to 2023, it still shows an acceptable rate of receivables turnover overall.
Overall, the trend in Curtiss-Wright Corporation's receivables turnover suggests variability in the efficiency of collecting outstanding receivables over the five-year period, with some years showing improvement and others showing a slight decline. This fluctuation may warrant further investigation into the company's credit policies, collection processes, and customer base.
Peer comparison
Dec 31, 2024