KBR Inc (KBR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,834,000 | 6,496,000 | 7,249,000 | 5,767,000 | 5,639,000 |
| Receivables | US$ in thousands | 1,014,000 | 966,000 | 1,432,000 | 921,000 | 975,000 |
| Receivables turnover | 6.74 | 6.72 | 5.06 | 6.26 | 5.78 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,834,000K ÷ $1,014,000K
= 6.74
The receivables turnover ratio for KBR Inc has shown some variability over the past five years. In 2023, it stood at 6.74, indicating that the company collected its accounts receivable approximately 6.74 times during the year. This was a slight increase from 6.72 in 2022. The higher the receivables turnover ratio, the more efficient the company is at collecting outstanding receivables.
Comparing the current ratio to that of previous years, we can see a significant improvement from 5.06 in 2021 to 6.26 in 2020 and further to 5.78 in 2019. This improvement indicates that KBR Inc has been more effective in collecting payments from its customers within a shorter timeframe over the years.
Overall, the trend in receivables turnover for KBR Inc has been positive, with the company managing to maintain relatively high turnover ratios, signaling efficient management of accounts receivable and a proactive approach towards cash flow management.
Peer comparison
Dec 31, 2023