GATX Corporation (GATX)

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	1,585,500	1,540,700	1,495,400	1,451,900	1,410,900	1,364,900	1,325,800	1,295,300	1,273,000	1,271,300	1,263,800	1,268,200	1,257,400	1,241,300	1,232,200	1,215,600	1,209,200	1,204,800	1,199,200	1,196,200
Receivables	US$ in thousands	199,100	93,900	96,900	96,300	87,900	75,200	70,000	70,800	71,400	71,900	68,400	69,900	69,800	75,200	83,300	81,800	74,700	70,600	71,400	76,900
Receivables turnover		7.96	16.41	15.43	15.08	16.05	18.15	18.94	18.30	17.83	17.68	18.48	18.14	18.01	16.51	14.79	14.86	16.19	17.07	16.80	15.56

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,585,500K ÷ $199,100K
= 7.96

The receivables turnover ratio for GATX Corporation has exhibited fluctuating trends over the past few years. The ratio measures how efficiently the company collects outstanding receivables from its customers during a specific period.

From March 31, 2020, to June 30, 2021, the receivables turnover ratio generally increased from 15.56 to 14.79. This uptrend indicates that the company was able to collect its accounts receivable more frequently during this period.

However, from September 30, 2021, to December 31, 2024, there were more significant fluctuations in the ratio, ranging from a low of 7.96 in December 31, 2024, to a high of 18.94 in June 30, 2023. The sharp decline observed in December 31, 2024, suggests that GATX Corporation may have faced challenges in collecting receivables efficiently during that quarter.

Overall, the variability in the receivables turnover ratio indicates potential changes in the company's credit and collection policies, customer payment behaviors, or economic conditions affecting the timing of cash inflows from receivables. Further analysis and correlation with other financial metrics would be necessary to better understand the underlying factors driving these fluctuations in receivables turnover for GATX Corporation.