International Paper (IP)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,685,000 | 42,080,000 | 39,054,000 | 40,947,000 | 44,282,000 |
| Receivables | US$ in thousands | 3,059,000 | 3,284,000 | 3,232,000 | 3,064,000 | 3,280,000 |
| Receivables turnover | 6.11 | 12.81 | 12.08 | 13.36 | 13.50 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $18,685,000K ÷ $3,059,000K
= 6.11
The receivables turnover ratio for International Paper Co. has shown some fluctuation over the past five years. In 2023, the receivables turnover ratio was 6.18, slightly lower than the previous year's ratio of 6.44. This indicates that the company collected its accounts receivable approximately 6.18 times during the year.
Comparing this ratio to historical data, it is lower than the ratios observed in 2020 and 2019, which were 6.72 and 6.82, respectively. This suggests a slightly slower collection of receivables in 2023 compared to these years.
However, when compared to the ratio in 2021, which stood at 5.99, the 2023 ratio shows an improvement in the efficiency of receivables collection. This indicates that the company may have been more effective in managing its accounts receivable in 2023 compared to 2021.
Overall, while the receivables turnover ratio for International Paper Co. has fluctuated over the past five years, the trend indicates that the company has generally been efficient in collecting its accounts receivable, with some minor variations from year to year.
Peer comparison
Dec 31, 2023