Lennox International Inc (LII)
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 | 5,341,300 | 5,151,100 | 5,019,300 | 4,979,600 | 4,981,900 | 4,920,900 | 4,799,500 | 4,754,400 | 4,718,400 | 4,589,400 | 4,404,400 | 4,277,100 | 4,194,200 | 4,143,400 | 4,138,500 | 3,840,800 | 3,634,100 | 3,605,100 | 3,583,000 | 3,740,800 |
| Receivables | US$ in thousands | 661,100 | 816,500 | 858,600 | 616,000 | 594,600 | 694,800 | 843,600 | 642,500 | 608,500 | 708,400 | 782,600 | 603,000 | 508,300 | 580,600 | 692,500 | 522,600 | 448,300 | 542,700 | 624,200 | 492,700 |
| Receivables turnover | 8.08 | 6.31 | 5.85 | 8.08 | 8.38 | 7.08 | 5.69 | 7.40 | 7.75 | 6.48 | 5.63 | 7.09 | 8.25 | 7.14 | 5.98 | 7.35 | 8.11 | 6.64 | 5.74 | 7.59 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,341,300K ÷ $661,100K
= 8.08
The receivables turnover ratio for Lennox International Inc fluctuated over the given periods, ranging from a low of 5.63 to a high of 8.38. Generally, a higher receivables turnover ratio indicates that the company is more efficient in collecting its accounts receivable.
For Lennox International Inc, the ratio experienced periods of improvement, particularly between December 31, 2021, and December 31, 2024, where the ratio showed an increasing trend. Notably, the ratio peaked at 8.38 on December 31, 2023, indicating that the company was collecting its receivables at a faster rate at that point.
However, there were also periods where the ratio decreased, such as in June 30, 2021, and June 30, 2022. These decreases might suggest a slowdown in receivables collection efficiency during those times.
Overall, the fluctuations in the receivables turnover ratio for Lennox International Inc demonstrate the variability in the company's effectiveness in managing its accounts receivable over the analyzed periods.
Peer comparison
Dec 31, 2024