Huntington Ingalls Industries Inc (HII)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,535,000 | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 |
| Receivables | US$ in thousands | 416,000 | 644,000 | 806,000 | 642,000 | 568,000 |
| Receivables turnover | 27.73 | 17.79 | 13.25 | 14.83 | 16.48 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,535,000K ÷ $416,000K
= 27.73
The receivables turnover ratio for Huntington Ingalls Industries Inc declined from 16.48 in December 2020 to 14.83 in December 2021, indicating a reduced efficiency in collecting outstanding receivables during this period. The ratio then further decreased to 13.25 by December 2022, suggesting an extended collection period for receivables.
However, there was a significant improvement in the receivables turnover in December 2023, with the ratio increasing to 17.79, indicating a more efficient collection process. This positive trend continued into December 2024, where the receivables turnover ratio surged to 27.73, reflecting a substantial enhancement in the company's ability to collect on its outstanding receivables promptly.
Overall, the fluctuation in the receivables turnover ratio for Huntington Ingalls Industries Inc over the years signifies varying degrees of efficiency in managing and collecting receivables, with a notable improvement in recent years, which could indicate enhanced liquidity and effective credit management practices.
Peer comparison
Dec 31, 2024