GE Aerospace (GE)
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 | 67,954,000 | 65,359,000 | 62,483,000 | 59,911,000 | 58,100,000 | 61,575,000 | 65,674,000 | 69,800,000 | 74,196,000 | 74,926,000 | 74,966,000 | 73,524,000 | 75,833,000 | 76,045,000 | 80,796,000 | 87,399,000 | 90,221,000 | 95,475,000 | 95,507,000 | 101,255,000 |
| Receivables | US$ in thousands | 15,466,000 | 14,546,000 | 14,767,000 | 14,212,000 | 14,831,000 | 17,197,000 | 16,283,000 | 16,050,000 | 15,620,000 | 15,145,000 | 15,506,000 | 15,687,000 | 16,691,000 | 17,302,000 | 16,041,000 | 27,427,000 | 27,047,000 | 26,726,000 | 30,191,000 | 33,422,000 |
| Receivables turnover | 4.39 | 4.49 | 4.23 | 4.22 | 3.92 | 3.58 | 4.03 | 4.35 | 4.75 | 4.95 | 4.83 | 4.69 | 4.54 | 4.40 | 5.04 | 3.19 | 3.34 | 3.57 | 3.16 | 3.03 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $67,954,000K ÷ $15,466,000K
= 4.39
The receivables turnover of General Electric Co. has fluctuated over the past eight quarters. In Q1 2023, the company's receivables turnover was the highest at 5.21, indicating that, on average, receivables were being collected approximately 5.21 times during the quarter. This suggests a more efficient collection of receivables compared to the previous quarters.
However, the receivables turnover decreased in Q2 2023 and Q3 2023 but remained above 4, indicating that the company continued to effectively collect its receivables. Q4 2023 saw a slight decline in receivables turnover to 4.39, which may be worth monitoring in future quarters.
Overall, General Electric Co. has shown a relatively consistent ability to efficiently collect its accounts receivables over the past two years, with variations in the turnover ratio reflecting changes in the company's credit policies, customer payment behavior, and other business factors.
Peer comparison
Dec 31, 2023