Graco Inc (GGG)
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 | 2,195,606 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 | 1,646,045 | 1,640,191 | 1,655,572 | 1,651,814 |
| Receivables | US$ in thousands | 354,439 | 352,505 | 365,818 | 356,473 | 346,010 | 364,073 | 373,141 | 339,407 | 325,132 | 324,284 | 354,222 | 323,197 | 314,946 | 314,996 | 282,856 | 273,789 | 267,345 | 277,417 | 291,008 | 289,047 |
| Receivables turnover | 6.19 | 6.20 | 5.99 | 6.11 | 6.19 | 5.85 | 5.55 | 5.97 | 6.11 | 5.92 | 5.28 | 5.35 | 5.24 | 5.05 | 5.49 | 5.90 | 6.16 | 5.91 | 5.69 | 5.71 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,195,606K ÷ $354,439K
= 6.19
The receivables turnover ratio for Graco Inc has shown some fluctuations over the past years, ranging from 5.05 to 6.20. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period.
In general, a higher receivables turnover ratio indicates that the company is collecting its outstanding accounts receivable more quickly, which is a positive sign of efficient credit management. Conversely, a lower ratio may suggest potential issues with collecting payments from customers promptly.
Graco Inc has maintained a relatively consistent range of receivables turnover ratios around the 5.5 to 6.2 levels, indicating a moderate level of efficiency in collecting its receivables. It is essential for the company to monitor this ratio to ensure that the collection process remains efficient and effective in managing its accounts receivable.
Peer comparison
Dec 31, 2023