Graphic Packaging Holding Company (GPK)
Receivables turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,819,000 | 9,073,000 | 9,249,000 | 9,428,000 | 9,565,000 | 9,667,000 | 9,633,000 | 9,440,000 | 9,042,000 | 8,373,000 | 7,752,000 | 7,156,000 | 6,820,100 | 6,736,100 | 6,610,100 | 6,560,100 | 6,427,800 | 6,311,400 | 6,253,200 | 6,160,100 |
| Receivables | US$ in thousands | 759,000 | 971,000 | 878,000 | 835,000 | 881,000 | 933,000 | 915,000 | 879,000 | 888,000 | 950,000 | 945,000 | 859,000 | 643,000 | 593,000 | 586,000 | 654,000 | 743,400 | 692,400 | 624,800 | 504,500 |
| Receivables turnover | 11.62 | 9.34 | 10.53 | 11.29 | 10.86 | 10.36 | 10.53 | 10.74 | 10.18 | 8.81 | 8.20 | 8.33 | 10.61 | 11.36 | 11.28 | 10.03 | 8.65 | 9.12 | 10.01 | 12.21 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,819,000K ÷ $759,000K
= 11.62
The receivables turnover ratio of Graphic Packaging Holding Company has fluctuated over the past five years, averaging around 10. This ratio indicates the company's efficiency in collecting payments from its customers. A higher turnover ratio is generally preferred as it implies faster collection of accounts receivable.
From December 2019 to December 2020, the receivables turnover ratio increased from 12.21 to 10.03, suggesting improvement in collecting receivables. However, the ratio dropped to 8.33 by December 2021, indicating a potential delay in receiving payments.
The receivables turnover ratio recovered in the following quarters, reaching 11.29 by December 2023, but then decreased slightly to 10.53 by March 2024. Overall, the company's ability to convert receivables into cash has remained relatively stable, albeit with some fluctuations, which may be influenced by factors such as the company's credit policies and the economic environment.
Peer comparison
Dec 31, 2024