Quaker Chemical Corporation (KWR)
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 | 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 | 1,125,665 | 945,852 | 846,586 | 862,335 |
| Receivables | US$ in thousands | 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 | 375,982 | 370,725 | 210,347 | 208,003 |
| Receivables turnover | 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 | 2.99 | 2.55 | 4.02 | 4.15 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,882,612K ÷ $444,950K
= 4.23
Quaker Houghton's receivables turnover ratio has shown consistency over the past eight quarters, ranging from 3.94 to 4.41. The ratio measures the company's efficiency in collecting outstanding receivables during a particular period. A higher receivables turnover ratio indicates that the company is able to collect payments from customers more quickly.
The slight fluctuations in Quaker Houghton's receivables turnover ratio suggest that the company has been managing its receivables effectively. The ratios have generally remained above 4, indicating that the company is efficient in converting credit sales into cash.
Overall, the stable and relatively high receivables turnover ratios reflect positively on Quaker Houghton's credit and collection policies, as well as its ability to manage working capital effectively. This consistency in receivables turnover is a good sign for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023