Itron Inc (ITRI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Receivables | US$ in thousands | 350,473 | 303,821 | 280,435 | 298,459 | 369,828 |
| Receivables turnover | 6.97 | 7.13 | 6.38 | 6.31 | 5.60 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,441,340K ÷ $350,473K
= 6.97
The receivables turnover ratio for Itron Inc has shown a consistent upward trend over the past five years, increasing from 5.60 in December 31, 2020, to 6.97 in December 31, 2024. This indicates that the company has been more efficient in collecting outstanding receivables from its customers. A higher receivables turnover ratio suggests that Itron has been able to convert its accounts receivable into cash more frequently within each year, which is a positive indicator of effective credit management and liquidity. Overall, this improving trend in receivables turnover reflects positively on Itron Inc's ability to manage its accounts receivable efficiently and could potentially lead to enhanced cash flow and financial stability in the future.
Peer comparison
Dec 31, 2024