Knife River Corporation (KNF)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,899,000 | 2,830,350 | 2,534,730 | 2,228,930 | 2,178,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,899,000K ÷ $—K
= —
Based on the provided data, the receivables turnover for Knife River Corporation for the years 2020 to 2024 is not available (denoted as "—"). This lack of information on receivables turnover makes it challenging to assess the efficiency of the company in collecting its accounts receivable during these years.
Receivables turnover is a crucial financial ratio that helps in understanding how efficiently a company is managing its credit sales and collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly, which is generally a positive sign of strong liquidity and effective credit management.
It is important for stakeholders, including investors and creditors, to have access to this ratio to gain insights into Knife River Corporation's effectiveness in managing its accounts receivable and its overall financial health. Without the specific receivables turnover figures, a thorough analysis of this aspect of the company's financial performance during the specified years cannot be conducted.
Peer comparison
Dec 31, 2024