Quaker Chemical Corporation (KWR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,882,550 | 1,894,680 | 1,740,470 | 1,384,720 | 1,116,840 |
| Receivables | US$ in thousands | 444,950 | 472,888 | 430,676 | 372,974 | 375,982 |
| Receivables turnover | 4.23 | 4.01 | 4.04 | 3.71 | 2.97 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,882,550K ÷ $444,950K
= 4.23
Quaker Houghton's receivables turnover has shown a consistent upward trend over the past five years, increasing from 3.01 in 2019 to 4.39 in 2023. This indicates that the company is collecting its accounts receivable more efficiently. A higher receivables turnover ratio generally suggests that the company is able to collect outstanding receivables more quickly, potentially improving cash flow and liquidity. It may also indicate effective credit and collection policies. Overall, the increasing trend in receivables turnover is a positive signal of Quaker Houghton's financial health and operational efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023