Fortune Brands Innovations Inc. (FBIN)
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 | 4,609,100 | 4,666,200 | 4,772,100 | 4,695,800 | 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 |
| Receivables | US$ in thousands | 514,400 | 555,900 | 593,600 | 615,900 | 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 |
| Receivables turnover | 8.96 | 8.39 | 8.04 | 7.62 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,609,100K ÷ $514,400K
= 8.96
The receivables turnover ratio for Fortune Brands Innovations Inc. shows a fluctuating trend over the provided time period. The ratio has decreased from 8.61 in March 2020 to 8.96 in December 2024, with some periods of fluctuation in between. A higher receivables turnover ratio indicates that the company is efficiently collecting payments from its customers in a timely manner.
The ratio peaked at 9.05 in December 2022, suggesting a strong collection efficiency at that point in time. However, the ratio declined to 4.80 in March 2022, indicating a potential inefficiency in collecting receivables during that period. Subsequently, the ratio gradually increased, reaching a value of 8.96 by December 2024, which could indicate an improvement in the company's receivables management processes.
Overall, it is important for Fortune Brands Innovations Inc. to consistently monitor and manage its receivables turnover ratio to ensure effective liquidity management and cash flow efficiency.
Peer comparison
Dec 31, 2024