Fastenal Company (FAST)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Receivables | US$ in thousands | 1,108,600 | 1,087,600 | 1,013,200 | 900,200 | 769,400 |
| Receivables turnover | 6.81 | 6.75 | 6.87 | 6.67 | 7.33 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,549,800K ÷ $1,108,600K
= 6.81
The receivables turnover ratio of Fastenal Company has shown a slight fluctuation over the past five years. In 2020, the ratio was 7.33, indicating that the company collected its accounts receivables approximately 7.33 times during that year. However, by the end of 2021, the ratio decreased to 6.67, suggesting a slower collection of receivables compared to the previous year.
Despite this dip, there was a small recovery in 2022, with the ratio ticking up to 6.87 before stabilizing around 6.75 in 2023 and 6.81 in 2024. While fluctuations in the receivables turnover ratio are normal, this sustained level indicates that Fastenal Company is efficiently managing its receivables and converting them into cash at a steady pace over the years.
Peer comparison
Dec 31, 2024