Emerson Electric Company (EMR)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,393,000 | 16,864,000 | 16,417,000 | 15,827,000 | 15,124,000 | 16,394,000 | 17,488,000 | 18,549,000 | 19,642,000 | 19,229,000 | 18,908,000 | 18,579,000 | 18,267,000 | 17,878,000 | 17,095,000 | 16,795,000 | 16,785,000 | 17,198,000 | 17,968,000 | 18,376,000 |
| Receivables | US$ in thousands | 3,446,000 | 3,276,000 | 3,405,000 | 3,365,000 | 3,077,000 | 3,027,000 | 2,801,000 | 2,747,000 | 3,436,000 | 3,432,000 | 2,958,000 | 2,745,000 | 2,971,000 | 2,754,000 | 2,754,000 | 2,652,000 | 2,802,000 | 2,512,000 | 2,641,000 | 2,726,000 |
| Receivables turnover | 5.05 | 5.15 | 4.82 | 4.70 | 4.92 | 5.42 | 6.24 | 6.75 | 5.72 | 5.60 | 6.39 | 6.77 | 6.15 | 6.49 | 6.21 | 6.33 | 5.99 | 6.85 | 6.80 | 6.74 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,393,000K ÷ $3,446,000K
= 5.05
The receivables turnover ratio for Emerson Electric Company has displayed fluctuating trends over the past several quarters. The ratio ranged from 4.70 to 6.85 during the period from December 2019 to September 2024.
The receivables turnover ratio indicates how efficiently the company is collecting on its credit sales. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly.
In the recent quarters, the ratio has been relatively stable, hovering between 4.82 and 5.15. While the ratio dipped slightly in the most recent quarter (September 30, 2024), it still remains within a reasonable range.
Overall, Emerson Electric Company appears to be managing its accounts receivable efficiently, with a consistent turnover ratio over the quarters analyzed. Further analysis and comparison with industry benchmarks may provide additional insights into the company's receivables management performance.
Peer comparison
Sep 30, 2024
See also:
Emerson Electric Company Receivables Turnover (Quarterly Data)