Illinois Tool Works Inc (ITW)

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	15,898,000	15,949,000	16,014,000	16,061,000	16,107,000	16,095,000	16,075,000	16,012,000	15,932,000	15,640,000	15,185,000	14,850,000	14,455,000	14,251,000	14,002,000	12,890,000	12,574,000	12,568,000	12,740,000	13,785,000
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,898,000K ÷ $—K
= —

The receivables turnover ratio for Illinois Tool Works Inc could not be calculated due to the absence of specific data related to accounts receivable and sales figures in the provided dataset. Receivables turnover is a financial ratio that measures the efficiency with which a company collects outstanding receivables from customers. It is calculated by dividing net credit sales by average accounts receivable.

A higher receivables turnover ratio is generally preferable as it indicates that the company is collecting on its credit sales efficiently and effectively managing its accounts receivable. On the other hand, a low receivables turnover ratio may suggest that the company is having trouble collecting on its outstanding receivables, which could result in cash flow challenges and potential bad debt expenses.

Without the necessary data points, it is not possible to assess Illinois Tool Works Inc's receivables turnover performance and provide insights into its effectiveness in managing its accounts receivable. It is essential for investors and financial analysts to have access to actual figures for sales and accounts receivable to accurately evaluate and interpret this important liquidity metric.