Fluor Corporation (FLR)
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 | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,190,000 | 13,081,000 | 13,466,000 | 13,691,000 | 13,802,000 | 13,756,000 | 13,807,000 | 14,158,000 | 15,298,700 | 16,470,300 | 16,881,700 | 17,317,300 | 16,855,070 | 16,067,670 | 15,860,570 |
| Receivables | US$ in thousands | 1,137,000 | 1,174,000 | 1,163,000 | 1,088,000 | 1,109,000 | 1,007,000 | 993,000 | 998,000 | 901,228 | 838,425 | 892,261 | 862,305 | 1,181,590 | 1,083,350 | 1,146,760 | 1,097,800 | 1,075,250 | 1,045,750 | 1,490,770 | 1,380,480 |
| Receivables turnover | 13.61 | 13.09 | 12.91 | 13.21 | 12.39 | 13.10 | 13.17 | 13.49 | 15.19 | 16.46 | 15.42 | 16.01 | 11.98 | 14.12 | 14.36 | 15.38 | 16.11 | 16.12 | 10.78 | 11.49 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,474,000K ÷ $1,137,000K
= 13.61
Fluor Corporation's receivables turnover ratio has been relatively stable over the last eight quarters, ranging between 12.39 and 13.61. This ratio measures the efficiency with which the company collects cash from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly, which is generally seen as positive as it implies effective credit management and liquidity.
Despite some fluctuations, the consistency in Fluor Corporation's receivables turnover suggests that the company has been successful in managing its accounts receivable efficiently over the examined period. However, it is essential to assess the trend in conjunction with other financial metrics and factors to gain a holistic view of the company's overall financial health and performance.
Peer comparison
Dec 31, 2023