Hubbell Inc (HUBB)

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	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	4,561,000	4,601,800	4,554,400	4,523,100
Receivables	US$ in thousands	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	683,000	787,100	785,500	716,200
Receivables turnover		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	6.68	5.85	5.80	6.32

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,335,100K ÷ $785,400K
= 6.79

Hubbell Inc.'s receivables turnover ratio has shown some fluctuations over the past eight quarters. The receivables turnover ratio is a measure of how efficiently a company is managing its accounts receivable by collecting outstanding payments from customers.

The data indicates that in Q4 2023, the receivables turnover ratio was 6.84, which means that, on average, the company collected its outstanding receivables approximately 6.84 times during the quarter. This represents an improvement from the previous quarter where the ratio was 6.15.

Looking at the trend over the past two years, Hubbell's receivables turnover ratio has generally been in the range of 5.49 to 6.67. This suggests that the company has been effectively managing its accounts receivable, with a consistent ability to collect payments from customers in a timely manner.

Overall, the receivables turnover ratio analysis indicates that Hubbell Inc. has been efficient in collecting payments from customers, with a relatively stable performance over the past eight quarters. It is essential for the company to continue monitoring and managing its accounts receivable effectively to maintain healthy cash flows and financial stability.