Koppers Holdings Inc (KOP)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,083,200 | 1,935,700 | 1,638,100 | 1,620,200 | 1,710,300 |
| Receivables | US$ in thousands | 202,400 | 215,700 | 182,800 | 176,300 | 165,800 |
| Receivables turnover | 10.29 | 8.97 | 8.96 | 9.19 | 10.32 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,083,200K ÷ $202,400K
= 10.29
The receivables turnover ratio for Koppers Holdings Inc has varied over the past five years, ranging from 9.18 to 10.69. The ratio measures how effectively the company is able to collect outstanding receivables from its customers during a specific period. A higher receivables turnover ratio indicates that the company is able to collect outstanding accounts receivable more efficiently.
In this case, the receivables turnover ratio has been relatively consistent, with a slight decrease in 2022 followed by a slight increase in 2023. Overall, the company has maintained a healthy receivables turnover ratio above 9, indicating that it generally collects receivables efficiently.
Analyzing receivables turnover over time can provide insights into the company's credit and collection policies, as well as the effectiveness of its sales and marketing strategies in generating timely payments from customers. It is important for investors and analysts to monitor this ratio to assess the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023