Curtiss-Wright Corporation (CW)
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 | 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 | 2,487,961 | 2,480,812 | 2,461,325 | 2,442,627 |
| Receivables | US$ in thousands | 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 | 632,194 | 644,150 | 636,058 | 591,562 |
| Receivables turnover | 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 | 3.94 | 3.85 | 3.87 | 4.13 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,458,362K ÷ $732,678K
= 4.72
The receivables turnover for Curtiss-Wright Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 3.88, indicating that the company collected its accounts receivable approximately 3.88 times during the quarter. This represents an improvement from the previous quarter, Q3 2023, where the ratio was 3.56.
Overall, looking at the trend over the past two years, Curtiss-Wright Corp.'s receivables turnover has been relatively stable, ranging between 3.46 and 3.88. The company is efficient in collecting its accounts receivable, as seen by the consistently high turnover ratios. This indicates that the company is effective in managing its credit sales and collecting payments from customers in a timely manner.
However, it is important to note that receivables turnover should be analyzed in conjunction with other financial ratios and factors to get a more comprehensive understanding of the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023