Ecolab Inc (ECL)

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	15,449,600	15,182,400	14,907,900	14,648,300	14,354,100	14,047,500	13,672,600	13,250,700	12,855,500	12,556,200	12,174,900	11,647,600	12,356,200	13,114,500	13,914,900	14,930,100	14,845,200	14,782,100	14,706,100	14,631,000
Receivables	US$ in thousands	3,021,100	3,018,100	2,995,400	2,873,500	2,882,200	2,880,400	2,826,700	2,662,100	2,629,700	2,542,100	2,496,100	2,451,000	2,442,400	2,505,600	2,380,100	3,006,100	2,930,200	2,877,400	2,904,900	2,831,600
Receivables turnover		5.11	5.03	4.98	5.10	4.98	4.88	4.84	4.98	4.89	4.94	4.88	4.75	5.06	5.23	5.85	4.97	5.07	5.14	5.06	5.17

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,449,600K ÷ $3,021,100K
= 5.11

The receivables turnover ratio for Ecolab, Inc. has been relatively stable over the past eight quarters, ranging from 4.79 to 5.07. This indicates that the company efficiently converts its accounts receivable into cash. A higher ratio suggests a more efficient collection process, while a lower ratio could indicate potential issues with collecting payments from customers. Overall, Ecolab's receivables turnover ratios demonstrate consistent and effective management of its accounts receivable.