Kimberly-Clark Corporation (KMB)
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 | 20,371,000 | 20,396,000 | 20,317,000 | 20,317,000 | 20,217,000 | 20,153,000 | 20,100,000 | 19,700,000 | 19,300,000 | 19,236,000 | 18,919,000 | 18,819,000 | 19,128,000 | 18,875,000 | 18,832,000 | 18,832,000 | 18,456,000 | 18,456,000 | 18,398,000 | 18,402,000 |
| Receivables | US$ in thousands | 2,135,000 | 2,298,000 | 2,359,000 | 2,430,000 | 2,280,000 | 2,333,000 | 2,469,000 | 2,516,000 | 2,207,000 | 2,399,000 | 2,340,000 | 2,199,000 | 2,235,000 | 2,125,000 | 2,024,000 | 2,519,000 | 2,263,000 | 2,306,000 | 2,397,000 | 2,377,000 |
| Receivables turnover | 9.54 | 8.88 | 8.61 | 8.36 | 8.87 | 8.64 | 8.14 | 7.83 | 8.74 | 8.02 | 8.09 | 8.56 | 8.56 | 8.88 | 9.30 | 7.48 | 8.16 | 8.00 | 7.68 | 7.74 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $20,371,000K ÷ $2,135,000K
= 9.54
The receivables turnover ratio measures how efficiently Kimberly-Clark Corp. is able to collect cash from its customers. A higher turnover ratio indicates that the company is collecting payments from its customers more frequently.
Over the last eight quarters, Kimberly-Clark Corp.'s receivables turnover has been relatively stable, ranging between 7.87 and 9.57. The company's highest receivables turnover was recorded in Q4 2023 at 9.57, signaling that the company effectively converted its accounts receivable into cash during that period.
Overall, the trend in Kimberly-Clark Corp.'s receivables turnover shows a consistent ability to manage its accounts receivable efficiently. However, it is crucial to continue monitoring this ratio to ensure that the company maintains a healthy balance between extending credit to customers and collecting payments in a timely manner.
Peer comparison
Dec 31, 2023
See also:
Kimberly-Clark Corporation Receivables Turnover (Quarterly Data)