Hexcel Corporation (HXL)

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	1,758,000	1,725,300	1,669,300	1,608,300	1,541,500	1,472,400	1,441,000	1,367,900	1,286,400	1,231,100	1,184,000	1,241,000	1,470,000	1,738,500	2,022,800	2,251,900	2,320,800	2,317,500	2,285,900	2,227,600
Receivables	US$ in thousands	234,700	236,800	257,300	265,300	222,700	202,700	234,200	212,100	160,300	176,600	168,700	164,400	125,400	149,900	191,600	266,700	227,600	288,900	313,300	324,300
Receivables turnover		7.49	7.29	6.49	6.06	6.92	7.26	6.15	6.45	8.02	6.97	7.02	7.55	11.72	11.60	10.56	8.44	10.20	8.02	7.30	6.87

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,758,000K ÷ $234,700K
= 7.49

Hexcel Corp.'s receivables turnover has varied over the past 8 quarters, ranging from a low of 6.20 in Q1 2023 to a high of 7.62 in Q4 2023. The receivables turnover ratio measures how effectively a company is able to collect payments from its customers within a given period. A higher turnover ratio indicates that the company is efficiently collecting its accounts receivable, which is generally viewed positively by investors and creditors. Hexcel Corp.'s consistent performance in maintaining a receivables turnover ratio above 6 indicates effective management of its accounts receivable, suggesting good credit policies and collection procedures. Overall, the trend of Hexcel Corp.'s receivables turnover ratio demonstrates solid efficiency in converting credit sales into cash.