Entegris Inc (ENTG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,241,210 | 3,523,930 | 3,282,030 | 2,298,890 | 1,859,310 |
| Receivables | US$ in thousands | 495,312 | 457,052 | 535,485 | 347,413 | 264,392 |
| Receivables turnover | 6.54 | 7.71 | 6.13 | 6.62 | 7.03 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,241,210K ÷ $495,312K
= 6.54
The analysis of Entegris Inc's receivables turnover reveals a fluctuating trend over the years. The receivables turnover ratio, which measures the efficiency of the company in collecting outstanding receivables from its customers, was 7.03 in December 2020, indicating that the company collected its receivables approximately 7 times during that year.
Subsequently, the ratio decreased to 6.62 by December 2021, signaling a slight decrease in the efficiency of receivables collection. In December 2022, the receivables turnover ratio declined further to 6.13, suggesting that the company took longer to collect its outstanding receivables compared to the previous years.
However, there was a notable improvement in December 2023 with a receivables turnover ratio of 7.71, indicating that the company collected its outstanding receivables more efficiently. The ratio then decreased again to 6.54 by December 2024, showing a slight dip in the efficiency of receivables collection.
Overall, the trend in Entegris Inc's receivables turnover ratios highlights variability in the efficiency of its receivables collection process, with some fluctuations observed over the years.
Peer comparison
Dec 31, 2024