EMCOR Group Inc (EME)
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 | 12,582,870 | 12,093,470 | 11,712,230 | 11,374,000 | 11,076,120 | 10,766,490 | 10,461,800 | 10,192,080 | 9,903,580 | 9,544,880 | 9,224,920 | 8,801,270 | 8,797,050 | 8,919,500 | 9,005,530 | 9,315,710 | 9,174,610 | 8,999,980 | 8,759,290 | 8,388,980 |
| Receivables | US$ in thousands | 3,203,490 | 3,063,920 | 2,852,100 | 2,669,360 | 2,567,400 | 2,510,580 | 2,439,590 | 2,303,450 | 2,204,520 | 2,181,730 | 2,102,740 | 2,037,520 | 1,922,100 | 1,942,340 | 1,936,440 | 2,055,480 | 2,030,800 | 1,926,760 | 1,946,810 | 1,797,480 |
| Receivables turnover | 3.93 | 3.95 | 4.11 | 4.26 | 4.31 | 4.29 | 4.29 | 4.42 | 4.49 | 4.37 | 4.39 | 4.32 | 4.58 | 4.59 | 4.65 | 4.53 | 4.52 | 4.67 | 4.50 | 4.67 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,582,870K ÷ $3,203,490K
= 3.93
Emcor Group, Inc.'s receivables turnover ratio has shown some fluctuations over the past eight quarters. The ratio indicates how efficiently the company is collecting funds owed by customers. Generally, a higher receivables turnover ratio suggests better performance in effectively managing accounts receivable.
From Q1 2022 to Q4 2023, Emcor Group's receivables turnover has ranged from 3.93 to 4.42. The highest turnover rate was observed in Q1 2022 at 4.42, indicating the company collected its accounts receivable almost 4.42 times during that quarter. However, the lowest turnover was seen in Q4 2023 at 3.93.
Overall, the trend shows that the receivables turnover ratio has been relatively stable fluctuating between 3.93 to 4.42 over the past eight quarters. This suggests that Emcor Group, Inc. has been consistent in managing its accounts receivable efficiently. Investors and analysts may consider this stable performance positively, as it indicates the company's ability to efficiently collect funds owed by customers.
Peer comparison
Dec 31, 2023