Honeywell International Inc (HON)
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 | 36,634,000 | 36,351,000 | 36,078,000 | 35,881,000 | 35,397,000 | 34,878,000 | 34,408,000 | 34,272,000 | 34,343,000 | 34,613,000 | 34,078,000 | 32,980,000 | 33,290,000 | 33,886,000 | 35,255,000 | 36,940,000 | 37,029,000 | 37,262,000 | 38,766,000 | 51,577,000 |
| Receivables | US$ in thousands | 7,530,000 | 7,833,000 | 7,994,000 | 7,862,000 | 7,440,000 | 7,363,000 | 7,738,000 | 7,119,000 | 6,830,000 | 7,239,000 | 6,947,000 | 6,675,000 | 6,827,000 | 6,878,000 | 6,717,000 | 7,452,000 | 7,493,000 | 7,583,000 | 7,407,000 | 7,307,000 |
| Receivables turnover | 4.87 | 4.64 | 4.51 | 4.56 | 4.76 | 4.74 | 4.45 | 4.81 | 5.03 | 4.78 | 4.91 | 4.94 | 4.88 | 4.93 | 5.25 | 4.96 | 4.94 | 4.91 | 5.23 | 7.06 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $36,634,000K ÷ $7,530,000K
= 4.87
The receivables turnover ratio for Honeywell International Inc has been relatively stable over the past eight quarters, ranging between 4.45 to 4.87. This ratio measures how efficiently the company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.
In the most recent quarter, Q4 2023, the receivables turnover was 4.87, which indicates that Honeywell collected its accounts receivable approximately 4.87 times during the quarter. This is a slight improvement compared to the previous quarter and is higher than the average turnover ratio over the past two years.
The consistency in the receivables turnover ratio suggests that Honeywell has effective credit and collection policies in place. However, it is worth monitoring any significant deviations in this ratio, as a decline could indicate potential issues with collecting payments from customers or a change in sales patterns. Overall, the steady performance of the receivables turnover ratio reflects positively on Honeywell's ability to manage its accounts receivable efficiently.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Receivables Turnover (Quarterly Data)