Fluor Corporation (FLR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,474,000 | 13,744,000 | 14,156,000 | 15,788,000 | 15,454,000 |
| Receivables | US$ in thousands | 1,137,000 | 1,109,000 | 901,228 | 1,181,590 | 1,075,250 |
| Receivables turnover | 13.61 | 12.39 | 15.71 | 13.36 | 14.37 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,474,000K ÷ $1,137,000K
= 13.61
The receivables turnover ratio for Fluor Corporation has fluctuated over the past five years. In 2023, the receivables turnover ratio increased to 13.61 compared to 12.39 in 2022. This implies that the company collected its accounts receivables approximately 13.61 times during 2023, showing an improvement in efficiency in collecting outstanding payments from customers.
The trend over the past five years indicates a relatively consistent performance in managing receivables with ratios ranging from 12.39 to 13.80. Despite minor fluctuations, the company has maintained a stable ability to convert its accounts receivables into cash.
It is important to note that a higher receivables turnover ratio generally indicates a more efficient credit and collection process, as the company is collecting outstanding payments more quickly. Overall, based on the historical data, Fluor Corporation has shown good efficiency in managing its accounts receivables turnover.
Peer comparison
Dec 31, 2023