Knowles Cor (KN)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 686,100 | 758,800 | 724,400 | 692,700 | 640,600 | 622,500 | 692,600 | 707,600 | 764,700 | 801,900 | 856,700 | 868,500 | 868,100 | 877,000 | 849,800 | 802,200 | 764,300 | 755,000 | 785,100 | 838,100 |
| Receivables | US$ in thousands | 105,000 | 105,700 | 136,100 | 130,800 | 135,300 | 119,000 | 118,000 | 109,500 | 134,700 | 128,700 | 127,800 | 143,100 | 146,600 | 129,800 | 116,800 | 114,700 | 131,400 | 125,200 | 101,600 | 120,600 |
| Receivables turnover | 6.53 | 7.18 | 5.32 | 5.30 | 4.73 | 5.23 | 5.87 | 6.46 | 5.68 | 6.23 | 6.70 | 6.07 | 5.92 | 6.76 | 7.28 | 6.99 | 5.82 | 6.03 | 7.73 | 6.95 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $686,100K ÷ $105,000K
= 6.53
The receivables turnover of Knowles Cor, a measure of how efficiently the company is managing its accounts receivables, has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates a peak turnover of 7.73 times in June 30, 2020, followed by a decline to a low of 4.73 times in December 31, 2023.
Overall, the company's receivables turnover has been somewhat volatile, with varying levels from period to period. A higher turnover ratio suggests that Knowles Cor is collecting its accounts receivable more quickly, indicating strong efficiency in managing its credit sales and collections. Conversely, a lower turnover ratio may indicate potential issues with collecting payments on time or managing credit effectively.
It would be advisable for further analysis to be conducted to understand the reasons behind these fluctuations and to assess the overall effectiveness of the company's credit management policies.
Peer comparison
Dec 31, 2024