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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Receivables turnover
Ecolab Inc
ECL
5.11
Church & Dwight Company Inc
CHD
11.14
Procter & Gamble Company
PG
13.74
Stepan Company
SCL
5.46