Fortune Brands Innovations Inc. (FBIN)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,626,200 | 4,596,800 | 4,531,100 | 4,622,800 | 4,723,000 | 4,809,100 | 4,883,500 | 4,858,200 | 4,801,100 | 5,242,800 | 5,625,000 | 5,770,700 | 6,090,300 | 5,901,100 | 5,708,000 | 5,839,400 | 5,764,600 | 5,714,800 | 5,636,600 | 5,558,400 |
| Receivables | US$ in thousands | 534,200 | 578,600 | 621,200 | — | 521,800 | 936,100 | 998,500 | 1,011,600 | 885,700 | 921,800 | 844,600 | 828,500 | 734,900 | 765,200 | 657,700 | 678,200 | 624,800 | 640,100 | 706,200 | 650,100 |
| Receivables turnover | 8.66 | 7.94 | 7.29 | — | 9.05 | 5.14 | 4.89 | 4.80 | 5.42 | 5.69 | 6.66 | 6.97 | 8.29 | 7.71 | 8.68 | 8.61 | 9.23 | 8.93 | 7.98 | 8.55 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,626,200K ÷ $534,200K
= 8.66
Over the past 20 quarters, Fortune Brands Innovations Inc. has shown variations in its receivables turnover ratio, indicating how efficiently the company collects cash from its customers in relation to its sales. The ratio has ranged from a low of 4.80 to a high of 9.23, with an average of approximately 7.40.
The trend in the receivables turnover ratio shows fluctuations, with some quarters exhibiting higher turnover rates than others. Generally, a higher turnover ratio indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of liquidity and efficient management of credit sales.
It is important to note the quarterly variations, as this can be influenced by seasonal factors or changes in the company's credit policies. Analyzing this ratio over time can provide insights into the company's effectiveness in managing its receivables and overall financial performance.
Peer comparison
Dec 31, 2023