Insteel Industries Inc (IIIN)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 529,219 | 549,135 | 569,054 | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 |
| Receivables | US$ in thousands | 59,665 | 63,363 | 56,421 | 46,102 | 63,424 | 66,363 | — | 68,789 | 81,646 | — | — | — | 67,917 | — | — | — | — | — | — | — |
| Receivables turnover | 8.87 | 8.67 | 10.09 | 13.03 | 10.24 | 10.58 | — | 11.89 | 10.12 | — | — | — | 8.70 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $529,219K ÷ $59,665K
= 8.87
The receivables turnover ratio for Insteel Industries Inc has shown fluctuation over the past few quarters. Generally, a higher receivables turnover ratio indicates that the company is able to collect its accounts receivable more efficiently.
In the most recent quarter, as of September 30, 2024, the receivables turnover ratio was 8.87, which decreased slightly from the previous quarter's ratio of 8.67. This could suggest a slowdown in the collection of accounts receivable compared to the previous quarter.
Looking back to December 31, 2023, the receivables turnover ratio was notably higher at 13.03, indicating that the company was collecting its receivables at a faster pace during that period.
It is important to note that there are missing values for some quarters, which limits a comprehensive trend analysis. However, based on the available data points, the company's receivables turnover ratio has varied, potentially influenced by changes in sales volume, customer credit policies, and overall economic conditions.
Peer comparison
Sep 30, 2024