Itron Inc (ITRI)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,441,973 | 2,396,573 | 2,345,043 | 2,277,357 | 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 |
| Receivables | US$ in thousands | 350,473 | 338,769 | 316,742 | 339,948 | 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 |
| Receivables turnover | 6.97 | 7.07 | 7.40 | 6.70 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,441,973K ÷ $350,473K
= 6.97
Itron Inc's receivables turnover has shown an increasing trend over the periods from March 31, 2020, to December 31, 2024, indicating an improvement in the company's ability to efficiently collect on its accounts receivable. The ratio has ranged from 5.28 on March 31, 2020, to 7.40 on June 30, 2024, with slight fluctuations in between.
A higher receivables turnover ratio suggests that Itron Inc is able to convert its accounts receivable into cash more quickly, which is a positive sign of effective credit management and liquidity. It reflects the company's efficiency in collecting revenue owed by customers.
It is important to continue monitoring the receivables turnover ratio to ensure that the company maintains a healthy balance between extending credit to customers and promptly collecting payments. Overall, the increasing trend in the receivables turnover ratio is a favorable indicator of Itron Inc's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024