Knowles Cor (KN)
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 | 707,600 | 689,500 | 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 | 854,800 | 844,700 | 845,000 | 828,200 |
| Receivables | US$ in thousands | 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 | 159,600 | 162,400 | 135,800 | 130,500 |
| Receivables turnover | 5.23 | 5.79 | 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 | 5.36 | 5.20 | 6.22 | 6.35 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $707,600K ÷ $135,300K
= 5.23
Knowles Corp's receivables turnover has shown fluctuation over the past eight quarters. The ratio decreased from Q1 2022 (6.07) to Q4 2022 (5.68), indicating that the company took longer to collect its accounts receivable in Q4 2022 compared to the previous quarter. Subsequently, there was a slight uptick in Q1 2023 (6.46), suggesting an improvement in the efficiency of collecting receivables. However, the ratio decreased in the following quarters, reaching 5.23 in Q4 2023.
Overall, the average receivables turnover for the period was 5.98. A lower receivables turnover ratio could indicate potential issues with credit policies, collection efforts, or the quality of receivables. It is essential for Knowles Corp to monitor this ratio closely, as a consistently low turnover could lead to cash flow problems and liquidity issues. Further analysis and comparison with industry benchmarks may provide more insights into the company's receivables management efficiency.
Peer comparison
Dec 31, 2023