Hubbell Inc (HUBB)

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	5,601,600	5,602,400	5,527,800	5,432,000	5,335,100	5,207,000	5,143,100	5,029,700	4,896,200	4,789,600	4,685,500	4,597,700	4,518,800	4,456,600	4,350,200	4,128,200	4,140,200	4,205,600	4,320,700	4,566,400
Receivables	US$ in thousands	756,000	894,800	893,200	865,600	785,400	852,900	811,200	778,300	741,600	800,500	780,500	777,900	675,300	798,300	762,300	703,100	553,300	711,400	644,100	707,700
Receivables turnover		7.41	6.26	6.19	6.28	6.79	6.11	6.34	6.46	6.60	5.98	6.00	5.91	6.69	5.58	5.71	5.87	7.48	5.91	6.71	6.45

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,601,600K ÷ $756,000K
= 7.41

The receivables turnover ratio for Hubbell Inc has shown some fluctuations over the reported periods. It indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio is generally favorable as it suggests that the company is able to collect outstanding receivables quickly.

From March 31, 2020, to June 30, 2022, the receivables turnover ratio ranged between 5.71 and 7.48, with some variability seen over this period. However, the trend between September 30, 2022, and December 31, 2024, shows a relatively stable turnover ratio range of 5.98 to 7.41.

Generally, a stable or improving trend in the receivables turnover ratio indicates that the company is managing its accounts receivable effectively. On the other hand, a decreasing trend could suggest potential issues with collecting payments from customers or an inefficient credit policy.

It would be important to continue monitoring the receivables turnover ratio to assess Hubbell Inc's ability to efficiently convert its accounts receivable into cash and manage credit risk effectively. Further analysis and comparison with industry benchmarks may also provide additional insights into the company's performance in this area.