Huntington Ingalls Industries Inc (HII)
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 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 8,899,000 | 8,686,000 | 8,550,000 | 8,382,000 |
| Receivables | US$ in thousands | 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 | 466,000 | 489,000 | 564,000 | 375,000 |
| Receivables turnover | 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 | 19.10 | 17.76 | 15.16 | 22.35 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,454,000K ÷ $644,000K
= 17.79
The receivables turnover ratio for Huntington Ingalls Industries Inc has been fluctuating over the past eight quarters. In Q4 2023, the company had a receivables turnover of 17.79, indicating that it collected its accounts receivables approximately 17.79 times during the quarter. This was a significant improvement compared to the previous quarters, with Q3 2023 showing a lower turnover of 12.63.
The trend over the past year indicates variations in the efficiency of the company in collecting its receivables. The highest turnover was recorded in Q4 2022 at 13.25, while the lowest was in Q2 2023 at 11.24. Overall, the company's ability to collect receivables has shown some volatility, with peaks and troughs in the turnover ratio.
A high receivables turnover ratio typically indicates that a company is efficient in collecting payments from its customers, which can be a positive signal for liquidity and cash flow. However, it is essential to monitor this ratio over time to identify any trends or patterns that may impact the company's financial performance and overall operations.
Peer comparison
Dec 31, 2023