KBR Inc (KBR)
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 | 6,834,000 | 6,723,000 | 6,586,000 | 6,479,000 | 6,496,000 | 7,390,000 | 7,610,000 | 7,505,000 | 7,249,000 | 6,239,000 | 5,795,000 | 5,668,000 | 5,767,000 | 5,753,000 | 5,799,000 | 5,836,000 | 5,639,000 | 5,517,000 | 5,370,000 | 5,215,000 |
| Receivables | US$ in thousands | 1,014,000 | 1,047,000 | 1,052,000 | 1,076,000 | 966,000 | 909,000 | 1,033,000 | 1,035,000 | 1,432,000 | 1,245,000 | 934,000 | 877,000 | 921,000 | 976,000 | 960,000 | 1,085,000 | 975,000 | 1,038,000 | 1,035,000 | 974,000 |
| Receivables turnover | 6.74 | 6.42 | 6.26 | 6.02 | 6.72 | 8.13 | 7.37 | 7.25 | 5.06 | 5.01 | 6.20 | 6.46 | 6.26 | 5.89 | 6.04 | 5.38 | 5.78 | 5.32 | 5.19 | 5.35 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,834,000K ÷ $1,014,000K
= 6.74
Over the past five years, KBR Inc's receivables turnover ratio has exhibited some fluctuations but generally remained within a moderate range. The ratio measures the efficiency of the company in collecting outstanding receivables from its customers.
In the most recent quarter, the receivables turnover ratio stood at 6.74, indicating that the company collected its outstanding receivables approximately 6.74 times during the year. This implies that KBR Inc is effectively managing its accounts receivable, converting them into cash in a timely manner.
The trend over the past five years shows some variability from a high of 8.13 in September 2022 to a low of 5.01 in September 2021. However, the ratio has generally been above 5, which suggests that KBR Inc's credit policies are reasonable, and the company is efficient in collecting payments from its customers.
Overall, the receivables turnover ratio for KBR Inc indicates that the company has been successful in managing its accounts receivable and converting them into cash efficiently over the years.
Peer comparison
Dec 31, 2023