Everus Construction Group Inc (ECG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 2,854,390 | 2,699,250 | 2,051,640 |
| Receivables | US$ in thousands | — | — | — |
| Receivables turnover | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,854,390K ÷ $—K
= —
The receivables turnover ratio for Everus Construction Group Inc is a key financial metric that measures the efficiency of the company in collecting its accounts receivables during a specific period. It is calculated by dividing the net credit sales by the average accounts receivable for the period.
Unfortunately, without the specific data for net credit sales and accounts receivable for the years 2021, 2022, and 2023, we are unable to compute the exact receivables turnover ratio for Everus Construction Group Inc. However, a higher receivables turnover ratio typically indicates that the company is collecting its outstanding receivables more efficiently, which is a positive sign of effective credit policies and good customer payment practices.
On the other hand, a declining receivables turnover ratio may suggest that the company is facing challenges in collecting its receivables promptly, potentially indicating issues with credit management or liquidity problems. It is crucial for Everus Construction Group Inc to regularly monitor and improve its receivables turnover ratio to ensure a healthy cash flow and sustainable business operations.
Peer comparison
Dec 31, 2023