Crane NXT Co (CXT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 | 3,074,500 |
| Receivables | US$ in thousands | 214,900 | 474,700 | 472,400 | 432,700 | 555,100 |
| Receivables turnover | 6.47 | 7.11 | 7.21 | 6.79 | 5.54 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,391,300K ÷ $214,900K
= 6.47
Crane NXT Co's receivables turnover has shown a fluctuating trend over the past five years. The ratio has ranged from 5.54 in 2019 to 7.21 in 2021, with the latest value standing at 6.47 in 2023.
A higher receivables turnover ratio indicates the company is collecting its accounts receivable more frequently within a given period, reflecting efficient management of credit sales and collection procedures. Conversely, a lower ratio may suggest a longer collection period or potential issues with credit policies or customer payments.
In the case of Crane NXT Co, the trend indicates that the company has been quite effective in managing its accounts receivable, with fluctuations possibly influenced by changes in credit policies, sales strategies, or economic conditions. It is important for the company to monitor this ratio consistently to ensure optimal management of its receivables and maintain healthy cash flows.
Peer comparison
Dec 31, 2023