Lennox International Inc (LII)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,341,300 | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 |
| Receivables | US$ in thousands | 661,100 | 594,600 | 608,500 | 508,300 | 448,300 |
| Receivables turnover | 8.08 | 8.38 | 7.75 | 8.25 | 8.11 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,341,300K ÷ $661,100K
= 8.08
Lennox International Inc's receivables turnover ratio has been relatively stable over the past five years. In 2020, the ratio was 8.11, indicating that the company collected its accounts receivable approximately 8.11 times during that year.
The ratio increased slightly to 8.25 in 2021 before decreasing to 7.75 in 2022. However, there was a notable improvement in 2023, with the ratio rising to 8.38, indicating a more efficient collection of accounts receivable.
Despite this improvement, there was a slight decline in the ratio to 8.08 in 2024. Overall, the company has maintained a healthy level of receivables turnover, suggesting effective management of its accounts receivable and potentially good credit policies in place.
Peer comparison
Dec 31, 2024