IDEX Corporation (IEX)
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 | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,000 | 2,863,900 | 2,764,800 | 2,664,822 | 2,533,935 | 2,409,184 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 | 2,494,573 | 2,502,670 | 2,501,312 | 2,493,573 |
| Receivables | US$ in thousands | 427,800 | 430,600 | 455,200 | 446,500 | 442,800 | 406,100 | 425,700 | 411,200 | 356,400 | 366,779 | 356,469 | 341,793 | 293,100 | 275,432 | 270,255 | 327,835 | 298,186 | 317,305 | 326,358 | 333,782 |
| Receivables turnover | 7.65 | 7.65 | 7.31 | 7.34 | 7.19 | 7.60 | 6.99 | 6.96 | 7.76 | 7.27 | 7.11 | 7.05 | 8.02 | 8.51 | 8.83 | 7.52 | 8.37 | 7.89 | 7.66 | 7.47 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,273,900K ÷ $427,800K
= 7.65
The receivables turnover ratio for Idex Corporation has shown stability over the past eight quarters, ranging from 6.96 to 7.65. This ratio measures the company's efficiency in collecting outstanding customer payments during a specific period. A higher turnover ratio generally indicates that the company is collecting receivables more quickly.
In this case, Idex Corporation has consistently maintained a healthy receivables turnover ratio above 7, which suggests that the company effectively manages its accounts receivable and efficiently collects payments from customers. The slight fluctuations in the ratio do not indicate any significant concerns, as the overall trend remains stable. It is important to continue monitoring this ratio to ensure continued efficiency in the company's receivables management.
Peer comparison
Dec 31, 2023