Gates Industrial Corporation plc (GTES)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,408,200 | 3,570,200 | 3,554,200 | 3,474,400 | 2,793,000 |
| Receivables | US$ in thousands | 751,300 | 798,600 | 821,600 | 727,200 | 723,600 |
| Receivables turnover | 4.54 | 4.47 | 4.33 | 4.78 | 3.86 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,408,200K ÷ $751,300K
= 4.54
The receivables turnover for Gates Industrial Corporation plc has shown a generally positive trend over the years, increasing from 3.86 in December 31, 2020 to 4.54 in December 31, 2024. This indicates that the company's efficiency in collecting payments from its customers has improved over the period. However, there was a slight fluctuation in the metric in 2022 and 2023, which may suggest some variability in the company's receivables management practices during those years. Overall, a higher receivables turnover ratio is favorable as it indicates that the company is able to collect outstanding receivables more quickly, which can improve cash flow and liquidity.
Peer comparison
Dec 31, 2024