Flowserve Corporation (FLS)
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 | 4,268,876 | 4,144,376 | 3,927,236 | 3,733,520 | 3,569,619 | 3,458,369 | 3,447,565 | 3,461,678 | 3,466,525 | 3,532,325 | 3,590,953 | 3,618,040 | 3,668,956 | 3,751,856 | 3,826,408 | 3,891,483 | 3,924,802 | 3,843,502 | 3,791,118 | 3,772,349 |
| Receivables | US$ in thousands | 895,928 | 868,855 | 887,867 | 904,184 | 884,663 | 770,152 | 735,895 | 730,201 | 763,404 | 710,782 | 729,551 | 730,481 | 757,745 | 750,897 | 759,381 | 732,879 | 795,538 | 789,448 | 806,724 | 781,382 |
| Receivables turnover | 4.76 | 4.77 | 4.42 | 4.13 | 4.04 | 4.49 | 4.68 | 4.74 | 4.54 | 4.97 | 4.92 | 4.95 | 4.84 | 5.00 | 5.04 | 5.31 | 4.93 | 4.87 | 4.70 | 4.83 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,268,876K ÷ $895,928K
= 4.76
Flowserve Corp.'s receivables turnover has shown some fluctuations over the past eight quarters. The company's receivables turnover ratio ranged from a low of 4.17 in Q1 2023 to a high of 4.90 in Q4 2023. The average receivables turnover ratio over the period was 4.61. This indicates that, on average, Flowserve Corp. collected its accounts receivable approximately 4.61 times during the year.
A higher receivables turnover ratio is generally preferred as it suggests that the company is efficiently collecting payments from its customers. Flowserve Corp.'s receivables turnover has been relatively stable, hovering around the average during the period. However, the slight decline in the ratio in Q1 2023 may warrant further investigation to understand the reasons behind the decrease in collection efficiency.
Overall, Flowserve Corp.'s receivables turnover ratio suggests that the company has been managing its accounts receivable effectively, but ongoing monitoring is necessary to ensure efficient collection practices are maintained.
Peer comparison
Dec 31, 2023