Fastenal Company (FAST)
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 | 7,547,800 | 7,480,800 | 7,414,600 | 7,378,100 | 7,340,200 | 7,272,600 | 7,226,700 | 7,122,900 | 6,965,300 | 6,804,100 | 6,556,500 | 6,284,600 | 6,001,600 | 5,830,100 | 5,690,000 | 5,691,200 | 5,641,200 | 5,560,100 | 5,523,900 | 5,382,800 |
| Receivables | US$ in thousands | 1,108,600 | 1,200,600 | 1,204,800 | 1,213,200 | 1,087,600 | 1,171,000 | 1,171,600 | 1,149,800 | 1,013,200 | 1,110,600 | 1,103,900 | 1,071,600 | 900,200 | 949,400 | 908,900 | 851,000 | 769,400 | 834,500 | 881,500 | 833,900 |
| Receivables turnover | 6.81 | 6.23 | 6.15 | 6.08 | 6.75 | 6.21 | 6.17 | 6.19 | 6.87 | 6.13 | 5.94 | 5.86 | 6.67 | 6.14 | 6.26 | 6.69 | 7.33 | 6.66 | 6.27 | 6.45 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,547,800K ÷ $1,108,600K
= 6.81
The receivables turnover ratio of Fastenal Company has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the ratio ranged between 5.86 and 7.33, with an average of approximately 6.39. This indicates that, on average, the company is able to convert its accounts receivable into cash 6.39 times per year.
A higher receivables turnover ratio is generally preferable as it signifies that the company is effectively collecting its outstanding receivables. Fastenal's ratio has generally remained within a consistent range, although there have been some fluctuations. It is important to monitor this ratio over time to ensure that the company's credit policies are effective and that there are no issues with customer payments impacting cash flow. It may also be useful to compare this ratio with industry benchmarks to assess Fastenal's performance relative to its peers.
Peer comparison
Dec 31, 2024