Curtiss-Wright Corporation (CW)
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 | 3,762,156 | 3,695,656 | 3,621,064 | 3,540,669 | 3,458,362 | 3,374,952 | 3,281,168 | 3,186,129 | 3,114,730 | 3,042,690 | 3,032,767 | 3,044,905 | 3,082,503 | 2,507,617 | 2,458,612 | 2,387,164 | 2,391,336 | 2,378,663 | 2,421,929 | 2,510,878 |
| Receivables | US$ in thousands | 835,037 | 857,614 | 817,135 | 776,662 | 732,678 | 790,334 | 751,532 | 720,248 | 723,304 | 713,592 | 699,632 | 661,129 | 647,148 | 670,867 | 644,089 | 617,499 | 588,718 | 634,944 | 598,340 | 630,626 |
| Receivables turnover | 4.51 | 4.31 | 4.43 | 4.56 | 4.72 | 4.27 | 4.37 | 4.42 | 4.31 | 4.26 | 4.33 | 4.61 | 4.76 | 3.74 | 3.82 | 3.87 | 4.06 | 3.75 | 4.05 | 3.98 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,762,156K ÷ $835,037K
= 4.51
The receivables turnover ratio for Curtiss-Wright Corporation has shown a relatively stable trend over the past few years, indicating the company's ability to efficiently collect payments from its customers. The ratio has hovered around the range of 3.75 to 4.76, with occasional fluctuations.
From March 31, 2020, to December 31, 2024, the receivables turnover ratio has generally increased, peaking at 4.76 on December 31, 2021. This may suggest that Curtiss-Wright has been improving its collections process and managing its receivables more effectively during this period.
Although there have been fluctuations in the ratio over the quarters, the overall trend indicates that the company has been successful in converting its accounts receivable into cash. A higher receivables turnover ratio is generally favorable as it implies that the company is collecting payments more frequently, which can improve cash flow and reduce the risk of bad debts.
Overall, the consistent performance and upward trend in Curtiss-Wright Corporation's receivables turnover ratio reflect positively on the company's financial management and its ability to efficiently manage its accounts receivable.
Peer comparison
Dec 31, 2024