Huntington Ingalls Industries Inc (HII)
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 | 11,535,000 | 11,708,000 | 11,775,000 | 11,585,000 | 11,454,000 | 11,089,000 | 10,899,000 | 10,774,000 | 10,676,000 | 10,541,000 | 10,253,000 | 9,822,000 | 9,524,000 | 9,604,000 | 9,580,000 | 9,376,000 | 9,361,000 | 9,016,000 | 8,921,000 | 9,082,000 |
| Receivables | US$ in thousands | 416,000 | 609,000 | 903,000 | 858,000 | 644,000 | 878,000 | 970,000 | 868,000 | 806,000 | 901,000 | 809,000 | 842,000 | 642,000 | 667,000 | 584,000 | 540,000 | 568,000 | 655,000 | 598,000 | 526,000 |
| Receivables turnover | 27.73 | 19.22 | 13.04 | 13.50 | 17.79 | 12.63 | 11.24 | 12.41 | 13.25 | 11.70 | 12.67 | 11.67 | 14.83 | 14.40 | 16.40 | 17.36 | 16.48 | 13.76 | 14.92 | 17.27 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,535,000K ÷ $416,000K
= 27.73
The receivables turnover ratio for Huntington Ingalls Industries Inc has fluctuated over the past few years. From March 2020 to September 2021, the receivables turnover ratio decreased steadily from 17.27 to 14.40, indicating a longer time taken to collect outstanding receivables.
However, there was a slight improvement in the ratio by December 2021, which stood at 14.83, and then increased further to 17.79 by December 2023. This uptrend suggests that the company's efficiency in collecting receivables improved during this period.
The ratio then saw a decline in the following periods, dropping to 13.50 by March 2024 and further to 13.04 by June 2024. However, there was a significant increase to 19.22 by September 2024 and a substantial jump to 27.73 by December 2024, indicating a notable improvement in receivables turnover efficiency.
Overall, the trend in receivables turnover for Huntington Ingalls Industries Inc has shown variability, with periods of both improvement and decline in the efficiency of collecting outstanding receivables. It will be essential for the company to monitor this ratio closely to ensure healthy cash flows and effective management of accounts receivable.
Peer comparison
Dec 31, 2024