GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,725,000 | 9,604,000 | 9,428,000 | 9,195,000 | 8,964,000 | 8,764,000 | 8,452,000 | 8,181,000 | |||
| Receivables | US$ in thousands | 1,753,000 | 1,661,000 | 1,719,000 | 1,605,000 | 1,647,000 | 1,507,000 | 1,560,000 | 1,492,000 | 1,962,000 | 1,391,000 | 1,297,000 |
| Receivables turnover | 5.55 | 5.78 | 5.48 | 5.73 | 5.44 | 5.82 | 5.42 | 5.48 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,725,000K ÷ $1,753,000K
= 5.55
The receivables turnover ratio for GXO Logistics Inc displayed a fluctuating trend over the past five quarters, ranging from 5.46 to 5.81. This ratio measures the efficiency with which the company collects payments from its customers, by showing how many times it converts its receivables into cash during a period.
Although there were minor fluctuations in the ratio, overall, GXO Logistics Inc's ability to collect receivables remained relatively stable and efficient throughout the observed quarters. The company managed to maintain an average receivables turnover ratio of approximately 5.62, indicating that it collects payments from customers roughly every 65 days.
It is crucial for GXO Logistics Inc to monitor and manage its receivables turnover effectively to ensure a steady cash flow and maintain healthy liquidity levels. Overall, the consistent performance of the receivables turnover ratio reflects positively on the company's credit policies and collection processes.
Peer comparison
Dec 31, 2023