Entegris Inc (ENTG)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,241,208 | 3,203,662 | 3,284,207 | 3,372,555 | 3,523,926 | 3,657,705 | 3,763,294 | 3,554,783 | 3,282,033 | 2,971,167 | 2,556,832 | 2,435,695 | 2,298,893 | 2,181,283 | 2,082,777 | 1,959,830 | 1,859,313 | 1,768,717 | 1,681,877 | 1,612,346 |
| Receivables | US$ in thousands | 495,312 | 503,165 | 457,107 | 424,494 | 457,052 | 463,083 | 435,973 | — | 535,485 | — | — | — | 347,413 | — | — | — | — | — | — | — |
| Receivables turnover | 6.54 | 6.37 | 7.18 | 7.94 | 7.71 | 7.90 | 8.63 | — | 6.13 | — | — | — | 6.62 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,241,208K ÷ $495,312K
= 6.54
Entegris Inc's receivables turnover ratio has shown fluctuating trends over the past few years, based on the provided data. The ratio was not available for analysis in the earlier periods but started to become visible from December 31, 2021, onwards.
The receivables turnover ratio increased gradually from 6.62 on December 31, 2021, to a peak of 8.63 on June 30, 2023. This suggests that the company was collecting its accounts receivables more frequently during this period, indicating efficient management of receivables.
However, from June 30, 2023, to December 31, 2024, the receivables turnover ratio exhibited a decreasing trend, falling from 8.63 to 6.54. This decline could signal a slowdown in the collection of accounts receivables, which may be a cause for concern as it might indicate potential issues with credit policies, collection efforts, or the creditworthiness of customers.
Overall, the downward trend in receivables turnover from mid-2023 to the end of 2024 suggests that Entegris Inc may need to reevaluate its credit and collection strategies to ensure timely and efficient management of its accounts receivables in the future.
Peer comparison
Dec 31, 2024