Koppers Holdings Inc (KOP)
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 | 2,083,200 | 2,057,800 | 2,051,100 | 1,985,600 | 1,935,700 | 1,860,900 | 1,750,800 | 1,690,300 | 1,638,100 | 1,625,600 | 1,636,700 | 1,629,600 | 1,620,200 | 1,630,600 | 1,664,300 | 1,694,300 | 1,724,600 | 1,756,800 | 1,725,000 | 1,692,700 |
| Receivables | US$ in thousands | 202,400 | 241,700 | 258,300 | 241,600 | 215,700 | 232,800 | 229,500 | 223,500 | 182,800 | 198,500 | 205,500 | 194,700 | 176,300 | 196,400 | 192,800 | 181,000 | 165,800 | 181,000 | 214,600 | 190,600 |
| Receivables turnover | 10.29 | 8.51 | 7.94 | 8.22 | 8.97 | 7.99 | 7.63 | 7.56 | 8.96 | 8.19 | 7.96 | 8.37 | 9.19 | 8.30 | 8.63 | 9.36 | 10.40 | 9.71 | 8.04 | 8.88 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,083,200K ÷ $202,400K
= 10.29
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivables during a specific period. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly.
Analyzing Koppers Holdings Inc's receivables turnover ratio over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the receivables turnover ratio was 10.64, indicating that the company collected its receivables approximately 10.64 times during that quarter. This represents an improvement compared to the previous quarter where the ratio was 8.79.
Looking further back, we notice a general increasing trend in the receivables turnover ratio from Q1 2022 to Q4 2023, with some fluctuations in between. This suggests that Koppers Holdings Inc has been more efficient in collecting its accounts receivables over time, which is a positive sign for the company's liquidity and working capital management.
Overall, the increasing trend in the receivables turnover ratio indicates that Koppers Holdings Inc has been successful in managing its accounts receivables effectively and converting them into cash at a quicker pace. However, it is essential to continue monitoring this ratio to ensure that the trend persists and the company's liquidity position remains strong.
Peer comparison
Dec 31, 2023