Gates Industrial Corporation plc (GTES)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,408,200 | 3,442,100 | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 |
| Receivables | US$ in thousands | 751,300 | 875,000 | 862,400 | 841,900 | 798,600 | 871,900 | 914,600 | — | 821,600 | — | — | — | 727,200 | — | — | — | — | — | — | — |
| Receivables turnover | 4.54 | 3.93 | 4.04 | 4.20 | 4.47 | 4.13 | 3.92 | — | 4.33 | — | — | — | 4.78 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,408,200K ÷ $751,300K
= 4.54
The receivables turnover for Gates Industrial Corporation plc has shown variability over the period provided. The ratio, which indicates how efficiently a company is collecting its accounts receivable, was not available for most of the fiscal year 2020 and 2021. However, starting from December 31, 2021, the ratio was calculated at 4.78.
Subsequently, the turnover ratio slightly decreased to 4.33 by December 31, 2022. There was a further decline in the ratio to 3.92 by June 30, 2023, signifying a potential delay or difficulty in collecting outstanding receivables. However, the company improved its performance by increasing the turnover to 4.47 by December 31, 2023, and then to 4.20 by March 31, 2024.
Overall, the trend in receivables turnover for Gates Industrial Corporation plc has been somewhat fluctuating, with periods of improvement alongside minor declines. It is important for the company to monitor this ratio consistently to ensure efficient management of receivables and timely collection of outstanding payments.
Peer comparison
Dec 31, 2024