Itron Inc (ITRI)
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 | 2,168,374 | 2,058,238 | 1,919,092 | 1,810,221 | 1,789,196 | 1,772,212 | 1,837,352 | 1,882,538 | 1,918,727 | 1,982,641 | 2,027,694 | 2,050,196 | 2,129,627 | 2,242,805 | 2,325,037 | 2,448,668 | 2,462,571 | 2,421,232 | 2,391,417 | 2,341,121 |
| Receivables | US$ in thousands | 303,821 | 318,104 | 318,809 | 305,275 | 280,435 | 266,669 | 259,657 | 303,250 | 298,459 | 320,994 | 336,071 | 365,826 | 369,828 | 386,920 | 411,200 | 463,613 | 472,925 | 468,477 | 466,366 | 473,077 |
| Receivables turnover | 7.14 | 6.47 | 6.02 | 5.93 | 6.38 | 6.65 | 7.08 | 6.21 | 6.43 | 6.18 | 6.03 | 5.60 | 5.76 | 5.80 | 5.65 | 5.28 | 5.21 | 5.17 | 5.13 | 4.95 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,168,374K ÷ $303,821K
= 7.14
The receivables turnover ratio for Itron Inc. has been relatively stable over the past eight quarters, ranging from 5.94 to 7.24. The average receivables turnover ratio for this period is approximately 6.60. This indicates that, on average, Itron Inc. collects its accounts receivable approximately 6.60 times within a year.
A higher receivables turnover ratio generally signifies a more efficient accounts receivable management, indicating that the company is able to collect outstanding receivables more quickly. Conversely, a lower ratio may suggest potential issues with collecting payments from customers in a timely manner.
It is important to note that the interpretation of the receivables turnover ratio should be done in conjunction with other financial ratios and qualitative factors to gain a comprehensive understanding of Itron Inc.'s overall financial performance and liquidity.
Peer comparison
Dec 31, 2023