Hubbell Inc (HUBB)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,622,200 | 5,333,700 | 4,894,800 | 4,120,400 | 4,125,400 |
| Receivables | US$ in thousands | 756,000 | 785,400 | 741,600 | 675,300 | 553,300 |
| Receivables turnover | 7.44 | 6.79 | 6.60 | 6.10 | 7.46 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,622,200K ÷ $756,000K
= 7.44
The trend analysis of Hubbell Inc's receivables turnover indicates fluctuations over the past five years. The receivables turnover ratio decreased from 7.46 in 2020 to 6.10 in 2021, suggesting a potential slowdown in the collection of receivables. However, the ratio slightly improved in 2022 to 6.60 and further increased to 6.79 in 2023, indicating a positive trend in the efficiency of collecting receivables. By the end of 2024, the receivables turnover reached 7.44, which is higher than the starting point in 2020, signaling an improvement in the company's ability to convert receivables into cash. Overall, the company has shown variability in managing its receivables, but the latest increase in the ratio is a positive outcome.
Peer comparison
Dec 31, 2024