Dana Inc (DAN)
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 | 10,387,000 | 10,468,000 | 10,344,000 | 10,194,000 | 10,032,000 | 9,746,000 | 9,417,000 | 9,009,000 | 8,787,000 | 8,656,000 | 8,436,000 | 7,337,000 | 7,009,000 | 6,882,000 | 7,060,000 | 8,285,000 | 8,508,000 | 8,503,000 | 8,322,000 | 8,081,000 |
| Receivables | US$ in thousands | 1,689,000 | 1,854,000 | 1,869,000 | 1,872,000 | 1,614,000 | 1,759,000 | 1,802,000 | 1,875,000 | 1,586,000 | 1,643,000 | 1,623,000 | 1,665,000 | 1,463,000 | 1,410,000 | 1,065,000 | 1,301,000 | 1,343,000 | 1,483,000 | 1,637,000 | 1,618,000 |
| Receivables turnover | 6.15 | 5.65 | 5.53 | 5.45 | 6.22 | 5.54 | 5.23 | 4.80 | 5.54 | 5.27 | 5.20 | 4.41 | 4.79 | 4.88 | 6.63 | 6.37 | 6.34 | 5.73 | 5.08 | 4.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,387,000K ÷ $1,689,000K
= 6.15
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. Dana Inc's receivables turnover has been relatively stable over the past eight quarters, ranging from 4.89 to 6.44.
A higher receivables turnover ratio indicates that the company is collecting payments more quickly, which is generally seen as a positive sign of efficient operations. Dana Inc's receivables turnover ratios have generally been above 5, which suggests that the company is effectively managing its accounts receivable and converting them into cash.
The slight fluctuations in the receivables turnover ratio over the quarters may be due to changes in the company's credit policies, customer payment behavior, or overall economic conditions. Overall, Dana Inc's receivables turnover ratios indicate that the company is effectively managing its receivables and ensuring timely collection of payments from customers.
Peer comparison
Dec 31, 2023