Dupont De Nemours Inc (DD)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,081,000 | 13,171,000 | 16,791,000 | 20,397,000 | 21,512,000 |
| Receivables | US$ in thousands | 2,370,000 | 2,518,000 | 2,159,000 | 2,421,000 | 3,802,000 |
| Receivables turnover | 5.10 | 5.23 | 7.78 | 8.43 | 5.66 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,081,000K ÷ $2,370,000K
= 5.10
The receivables turnover ratio for DuPont de Nemours Inc has been relatively stable over the past five years, ranging from 5.09 to 6.14. The ratio measures how efficiently the company is able to collect payments from its customers during a specific period. A higher turnover ratio indicates that the company is collecting outstanding receivables more quickly.
In 2021, the receivables turnover ratio peaked at 6.14, suggesting that DuPont de Nemours Inc was particularly efficient in collecting payments from its customers that year. However, the ratio slightly decreased in the following years but remained above 5, indicating a consistent performance in managing its accounts receivables.
Overall, the trend in the receivables turnover ratio shows that DuPont de Nemours Inc has been effective in managing its receivables and collecting payments in a timely manner over the past five years.
Peer comparison
Dec 31, 2023