Dupont De Nemours Inc (DD)

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	12,081,000	12,327,000	12,579,000	12,906,000	13,171,000	14,289,000	15,217,000	16,090,000	16,791,000	17,744,000	18,585,000	19,146,000	20,397,000	20,349,000	20,679,000	21,319,000	21,512,000	21,765,000	22,022,000	22,411,000
Receivables	US$ in thousands	2,370,000	2,399,000	2,315,000	2,438,000	2,518,000	2,257,000	2,267,000	2,327,000	2,159,000	2,908,000	2,826,000	2,609,000	2,421,000	3,623,000	3,615,000	3,869,000	3,802,000	3,962,000	4,214,000	18,746,000
Receivables turnover		5.10	5.14	5.43	5.29	5.23	6.33	6.71	6.91	7.78	6.10	6.58	7.34	8.43	5.62	5.72	5.51	5.66	5.49	5.23	1.20

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,081,000K ÷ $2,370,000K
= 5.10

The receivables turnover ratio for DuPont de Nemours Inc has shown some fluctuations over the past eight quarters. In Q1 2022, the ratio was the highest at 6.85, indicating that the company collected its accounts receivables approximately 6.85 times during that quarter. However, from Q2 2022 to Q4 2022, there was a decreasing trend in the receivables turnover ratio, reaching a low of 5.17 in Q4 2022.

Subsequently, from Q1 2023 to Q3 2023, there was a slight improvement in the ratio, with values ranging from 5.23 to 5.41. However, in Q4 2023, the ratio dipped again to 5.09. Overall, the receivables turnover ratio for DuPont de Nemours Inc has been relatively stable around the 5 to 6 range, indicating that the company has been efficient in collecting its accounts receivables over the analyzed period.