Dover Corporation (DOV)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,745,910K ÷ $—K
= —
Based on the provided data, the receivables turnover ratio for Dover Corporation for the years ending December 31, 2020 to 2024 appears to be missing or not available (indicated by "—"). This lack of information on receivables turnover makes it challenging to assess the efficiency of the company in collecting its accounts receivable during these years.
The receivables turnover ratio is a crucial financial metric that indicates how efficiently a company is managing its credit sales and collecting outstanding debts from customers. A higher receivables turnover ratio generally implies more effective management of accounts receivable and quicker conversion of credit sales into cash.
Without the specific data for Dover Corporation's receivables turnover, it is difficult to provide a detailed analysis of trends or performance in this area over the years specified. For a comprehensive assessment of the company's financial health and efficiency in managing receivables, it would be necessary to obtain the actual turnover ratios for these years and compare them to industry benchmarks or previous performance.
Peer comparison
Dec 31, 2024