General Dynamics Corporation (GD)
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 | 47,716,000 | 46,063,000 | 44,960,000 | 43,131,000 | 42,272,000 | 41,469,000 | 40,872,000 | 39,903,000 | 39,407,000 | 38,900,000 | 38,480,000 | 38,497,000 | 38,469,000 | 38,684,000 | 38,528,000 | 38,549,000 | 37,925,000 | 38,199,000 | 38,536,000 | 38,844,000 |
| Receivables | US$ in thousands | 11,225,000 | 12,017,000 | 11,720,000 | 11,642,000 | 11,001,000 | 11,585,000 | 11,458,000 | — | 11,803,000 | — | — | — | 11,539,000 | — | — | — | — | — | — | — |
| Receivables turnover | 4.25 | 3.83 | 3.84 | 3.70 | 3.84 | 3.58 | 3.57 | — | 3.34 | — | — | — | 3.33 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $47,716,000K ÷ $11,225,000K
= 4.25
The receivables turnover ratio for General Dynamics Corporation has shown a consistent increase over the last few quarters. The ratio increased from 3.33 in December 2021 to 4.25 in December 2024, indicating that the company is collecting its accounts receivable more efficiently.
A higher receivables turnover ratio suggests that General Dynamics is converting its accounts receivable into cash at a faster rate. This can be a positive signal as it indicates that the company has effective credit policies in place, is managing its receivables well, and is promptly collecting payments from its customers.
Overall, the improving trend in the receivables turnover ratio for General Dynamics Corporation suggests that the company's liquidity position may be strengthening, and its operations are becoming more efficient in managing its accounts receivable. However, it is important to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Receivables Turnover (Quarterly Data)