Generac Holdings Inc (GNRC)
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 | 3,949,805 | 3,935,365 | 3,962,145 | 4,264,295 | 4,525,680 | 4,543,520 | 4,405,498 | 4,039,517 | 3,712,928 | 3,406,940 | 3,165,481 | 2,792,968 | 2,460,119 | 2,289,969 | 2,187,141 | 2,179,689 | 2,172,908 | 2,145,380 | 2,104,640 | 2,055,791 |
| Receivables | US$ in thousands | 537,316 | 589,226 | 540,332 | 490,384 | 522,458 | 542,528 | 692,291 | 609,870 | 546,466 | 510,670 | 480,889 | 428,702 | 374,906 | 398,240 | 322,937 | 312,013 | 319,538 | 373,591 | 341,535 | 284,612 |
| Receivables turnover | 7.35 | 6.68 | 7.33 | 8.70 | 8.66 | 8.37 | 6.36 | 6.62 | 6.79 | 6.67 | 6.58 | 6.51 | 6.56 | 5.75 | 6.77 | 6.99 | 6.80 | 5.74 | 6.16 | 7.22 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,949,805K ÷ $537,316K
= 7.35
Generac Holdings Inc's receivables turnover ratio fluctuated over the past eight quarters, ranging from a low of 6.41 in Q2 2022 to a high of 8.80 in Q1 2023. The company's ability to collect its accounts receivable improved in Q4 2023 with a turnover ratio of 7.49, suggesting that it collected its receivables 7.49 times during the quarter. However, it is important to note that the ratio decreased from the previous quarter (Q3 2023) where it was 6.80. Overall, the trend indicates some variability in how efficiently Generac Holdings Inc is managing its outstanding customer balances, and close monitoring of this metric may be warranted to ensure continued strong cash flows.
Peer comparison
Dec 31, 2023