Ford Motor Company (F)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 176,191,000 | 158,057,000 | 136,341,000 | 127,144,000 | 155,900,000 |
| Receivables | US$ in thousands | 62,026,000 | 54,449,000 | 43,913,000 | 52,394,000 | 62,888,000 |
| Receivables turnover | 2.84 | 2.90 | 3.10 | 2.43 | 2.48 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $176,191,000K ÷ $62,026,000K
= 2.84
The receivables turnover ratio for Ford Motor Co. has fluctuated over the past five years, indicating how efficiently the company is collecting payments from its customers. The declining trend from 16.88 in 2019 to 11.29 in 2023 suggests that Ford took longer to collect payments from customers in 2023 compared to 2019.
A lower receivables turnover ratio could be an indication of issues such as extending more lenient credit terms to customers, a decrease in sales, or difficulties in collecting payments promptly. On the other hand, a higher ratio would indicate that Ford is collecting payments more quickly.
Further investigation into the reasons behind the fluctuation in the receivables turnover ratio would be needed to assess the effectiveness of Ford's credit and collection policies, as well as its overall financial health.
Peer comparison
Dec 31, 2023