International Paper (IP)
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 | 18,777,000 | 19,226,000 | 19,950,000 | 20,642,000 | 20,895,000 | 20,848,000 | 21,191,000 | 21,565,000 | 21,742,000 | 21,895,000 | 21,286,000 | 20,347,000 | 20,237,000 | 20,497,000 | 20,929,000 | 21,724,000 | 21,999,000 | 22,451,000 | 22,774,000 | 28,762,000 |
| Receivables | US$ in thousands | 3,059,000 | 3,078,000 | 3,140,000 | 3,196,000 | 3,284,000 | 3,453,000 | 3,462,000 | 3,363,000 | 3,232,000 | 3,549,000 | 3,608,000 | 3,342,000 | 3,064,000 | 3,034,000 | 3,060,000 | 3,226,000 | 3,280,000 | 3,305,000 | 3,477,000 | 3,493,000 |
| Receivables turnover | 6.14 | 6.25 | 6.35 | 6.46 | 6.36 | 6.04 | 6.12 | 6.41 | 6.73 | 6.17 | 5.90 | 6.09 | 6.60 | 6.76 | 6.84 | 6.73 | 6.71 | 6.79 | 6.55 | 8.23 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,777,000K ÷ $3,059,000K
= 6.14
The receivables turnover ratio of International Paper Co. has been relatively stable over the past eight quarters, ranging from 5.42 to 6.55. The company collects its accounts receivable approximately 5.5 to 6.5 times a year on average. This indicates that International Paper Co. has been effective in managing its accounts receivable efficiently. A higher turnover ratio suggests that the company is collecting its outstanding receivables more quickly, which is a positive sign of effective credit management. On the other hand, a consistently low or declining ratio could indicate potential issues with collecting payments from customers promptly. Overall, the trend in International Paper Co.'s receivables turnover ratio suggests a strong and consistent performance in managing its accounts receivable.
Peer comparison
Dec 31, 2023