Quaker Chemical Corporation (KWR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,838,723 | 1,807,300 | 1,831,773 | 1,857,826 | 1,882,612 | 1,892,565 | 1,899,214 | 1,897,711 | 1,880,954 | 1,865,850 | 1,827,228 | 1,779,037 | 1,740,473 | 1,678,776 | 1,593,852 | 1,442,077 | 1,384,720 | 1,398,527 | 1,359,589 | 1,286,904 |
| Receivables | US$ in thousands | 400,126 | 422,732 | 423,906 | 440,018 | 444,950 | 446,459 | 454,230 | 482,746 | 472,888 | 461,912 | 465,352 | 458,459 | 430,676 | 433,631 | 418,642 | 411,523 | 372,974 | 338,875 | 300,027 | 357,902 |
| Receivables turnover | 4.60 | 4.28 | 4.32 | 4.22 | 4.23 | 4.24 | 4.18 | 3.93 | 3.98 | 4.04 | 3.93 | 3.88 | 4.04 | 3.87 | 3.81 | 3.50 | 3.71 | 4.13 | 4.53 | 3.60 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,838,723K ÷ $400,126K
= 4.60
Quaker Chemical Corporation's receivables turnover ratio has shown fluctuation over the period under review. It increased from 3.60 in March 2020 to 4.53 in June 2020, indicating an improved efficiency in collecting receivables. Subsequently, the ratio decreased to 3.71 by December 2020, suggesting a slower turnover of receivables.
Throughout the following quarters, the receivables turnover ratio remained relatively stable, hovering around 3.50 to 4.00, with minor fluctuations. However, in December 2024, the ratio spiked to 4.60, signifying a higher turnover of receivables compared to previous periods.
Overall, Quaker Chemical Corporation's receivables turnover ratio has demonstrated variability, with some quarters showing improved efficiency in collecting receivables while others indicating a slower turnover. It is essential for the company to closely monitor and manage its receivables turnover to ensure effective cash flow management and timely collection of outstanding balances.
Peer comparison
Dec 31, 2024