Harley-Davidson Inc (HOG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,836,480 | 5,755,130 | 5,336,310 | 4,054,380 | 5,361,790 |
| Receivables | US$ in thousands | 267,200 | 252,225 | 1,647,690 | 1,652,620 | 2,531,860 |
| Receivables turnover | 21.84 | 22.82 | 3.24 | 2.45 | 2.12 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,836,480K ÷ $267,200K
= 21.84
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates a shorter average collection period, which is generally favorable.
In the case of Harley-Davidson, Inc., the receivables turnover has shown fluctuations over the past five years. In 2021 and 2022, the company achieved strong turnover ratios of 29.30 and 22.82, respectively, showing efficient management of accounts receivable. However, in 2023, the ratio decreased to 21.84, which might indicate a slightly longer collection period compared to the previous year.
The 5-year trend analysis reveals that Harley-Davidson's accounts receivable turnover has generally been healthy, with occasional fluctuations. Investors and stakeholders may want to further investigate the reasons behind the fluctuations in the receivables turnover ratio to assess the company's overall financial health and operational efficiency in managing accounts receivable.
Peer comparison
Dec 31, 2023