Knowles Cor (KN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 553,500 | 456,800 | 764,700 | 868,100 | 764,300 |
| Receivables | US$ in thousands | 105,000 | 135,300 | 134,700 | 146,600 | 131,400 |
| Receivables turnover | 5.27 | 3.38 | 5.68 | 5.92 | 5.82 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $553,500K ÷ $105,000K
= 5.27
The receivables turnover for Knowles Cor has fluctuated over the past five years. It increased from 5.82 in December 31, 2020, to 5.92 in December 31, 2021, indicating an improvement in the company's ability to collect on its accounts receivable. However, there was a slight decrease in the receivables turnover to 5.68 in December 31, 2022.
The most significant change occurred in December 31, 2023, where the receivables turnover dropped significantly to 3.38. This substantial decrease suggests that Knowles Cor may have experienced challenges in collecting its accounts receivable efficiently during that period.
In the most recent year, December 31, 2024, the receivables turnover improved to 5.27. This rebound indicates that the company may have implemented measures to enhance its collection processes or manage its accounts receivable more effectively.
Overall, while there were fluctuations in the receivables turnover over the five-year period, the company's recent improvement in this ratio demonstrates a positive trend towards better management of its accounts receivable.
Peer comparison
Dec 31, 2024