Element Solutions Inc (ESI)
Receivables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,475,600 | 2,456,900 | 2,406,100 | 2,360,400 | 2,333,800 | 2,333,200 | 2,333,600 | 2,352,800 | 2,443,600 | 2,549,400 | 2,622,500 | 2,620,200 | 2,529,900 | 2,399,800 | 2,289,500 | 2,150,800 | 1,951,200 | 1,853,700 | 1,771,800 | 1,759,000 |
| Receivables | US$ in thousands | 454,700 | 439,600 | 474,900 | 480,700 | 459,000 | 461,800 | 449,500 | 452,200 | 461,300 | 455,800 | 467,600 | 527,100 | 540,800 | 492,200 | 507,100 | 450,000 | 422,300 | 403,400 | 366,000 | 309,800 |
| Receivables turnover | 5.44 | 5.59 | 5.07 | 4.91 | 5.08 | 5.05 | 5.19 | 5.20 | 5.30 | 5.59 | 5.61 | 4.97 | 4.68 | 4.88 | 4.51 | 4.78 | 4.62 | 4.60 | 4.84 | 5.68 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,475,600K ÷ $454,700K
= 5.44
The receivables turnover ratio for Element Solutions Inc. demonstrates notable fluctuations over the analyzed period from June 2020 through March 2025. Initially, the ratio was approximately 5.68 in June 2020, indicating the number of times the company collected its average accounts receivable within a year. This ratio declined to a low of 4.51 in September 2021, suggesting a decrease in collection efficiency during that period. Subsequently, from late 2021 onwards, the ratio experienced a gradual upward trend, peaking at 5.61 in September 2022, which reflects improved receivables collection activity.
Throughout 2023 and into early 2024, the ratio remained relatively stable, averaging around 5.20 to 5.30, with minor fluctuations. The ratio continued to display modest volatility, with a slight increase observed in December 2024 to 5.59 and a marginal decrease to 5.44 in March 2025. These values indicate that the company's collection cycle has remained relatively steady in recent periods, suggesting consistent management of receivables.
Overall, the data indicates periods of both deterioration and improvement in receivables collection efficiency, but with a tendency toward stabilization in the most recent quarters. The fluctuations in the receivables turnover ratio reveal responsiveness to internal or external factors affecting collection periods, yet the ratio’s overall level suggests a generally maintained efficiency in managing accounts receivable collections.
Peer comparison
Mar 31, 2025