Kirby Corporation (KEX)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,265,880 | 3,091,640 | 2,784,750 | 2,246,660 | 2,171,410 |
| Receivables | US$ in thousands | 536,745 | 578,716 | 597,962 | 567,922 | 600,182 |
| Receivables turnover | 6.08 | 5.34 | 4.66 | 3.96 | 3.62 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,265,880K ÷ $536,745K
= 6.08
The receivables turnover ratio for Kirby Corporation for the years 2020 to 2024 is not provided, as indicated by the dashes in the data. The receivables turnover ratio is a measure of how efficiently a company is collecting its accounts receivable during a specific period. It helps assess the effectiveness of a company's credit and collection policies.
In the absence of the receivables turnover data, it is challenging to evaluate Kirby Corporation's effectiveness in collecting its receivables relative to its sales. To gain a comprehensive understanding of the company's performance in managing its receivables, it is crucial to have access to this information. The receivables turnover ratio is a key metric that can provide insights into the company's liquidity, credit policies, and overall financial health.