John Bean Technologies Corporation (JBT)
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 | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Receivables | US$ in thousands | 214,400 | 190,600 | 213,300 | 287,400 | 299,000 | 278,700 | 268,400 | 236,900 | 239,100 | 227,600 | 218,000 | 204,600 | 236,100 | 224,200 | 226,200 | 258,100 | 288,900 | 274,400 | 273,700 | 227,400 |
| Receivables turnover | 8.58 | 10.23 | 9.86 | 7.73 | 7.24 | 7.41 | 7.39 | 8.04 | 7.75 | 8.08 | 8.10 | 8.32 | 7.32 | 8.18 | 8.42 | 7.69 | 6.73 | 7.06 | 7.05 | 8.48 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,838,500K ÷ $214,400K
= 8.58
The receivables turnover ratio for John Bean Technologies Corp has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is collecting payments from its customers.
In Q4 2023, the receivables turnover ratio was 7.76, showing a decrease compared to the previous quarter's ratio of 10.28. This may suggest that the company took longer to collect payments from customers in Q4 2023. However, compared to Q4 2022, there has been an improvement in receivables turnover.
Overall, the receivables turnover ratio has varied between 7.24 and 10.28 over the past eight quarters. This variability could indicate changes in the company's credit policies, customer payment behavior, or the overall economic environment impacting receivables collections.
Further analysis of the trend in receivables turnover ratios over the long term and in comparison to industry benchmarks would provide deeper insights into John Bean Technologies Corp's receivables management efficiency.
Peer comparison
Dec 31, 2023