Knife River Corporation (KNF)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,830,347 | |||
| Receivables | US$ in thousands | 266,785 | 491,866 | 418,620 | 174,590 |
| Receivables turnover | 10.61 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,830,347K ÷ $266,785K
= 10.61
The receivables turnover ratio for Knife River Corporation as of December 31, 2023, is 10.61. This ratio indicates that Knife River Corporation collected its accounts receivable approximately 10.61 times during the year. A high receivables turnover ratio suggests that the company is efficient in collecting payments from its customers. The decrease or increase in the receivables turnover ratio over time can provide insights into the company's credit policies, collection efficiency, and overall financial performance. Further analysis and comparison with industry benchmarks would be beneficial to assess the overall effectiveness of Knife River Corporation's accounts receivable management.
Peer comparison
Dec 31, 2023