Lennox International Inc (LII)
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 | 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 | 3,807,300 | 3,765,900 | 3,763,200 | 3,839,500 |
| Receivables | US$ in thousands | 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 | 477,800 | 622,200 | 718,800 | 502,600 |
| Receivables turnover | 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 | 7.97 | 6.05 | 5.24 | 7.64 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,981,900K ÷ $594,600K
= 8.38
The receivables turnover ratio for Lennox International Inc has fluctuated over the past eight quarters, ranging from a low of 5.63 in Q2 2022 to a high of 8.38 in Q4 2023. The consistent variability in the ratio suggests potential fluctuations in the company's ability to efficiently collect outstanding receivables within a given period.
A higher receivables turnover ratio indicates that Lennox International Inc is collecting its accounts receivable more efficiently. Conversely, a lower ratio suggests potential inefficiencies in the collection process, which could lead to cash flow issues or potential credit risks.
It is important for investors and analysts to monitor changes in the receivables turnover ratio over time to assess the company's effectiveness in managing its accounts receivable and maintaining a healthy cash flow position. Further analysis of the company's credit policies, industry benchmarks, and overall financial health may provide additional insights into the factors influencing the fluctuations in the receivables turnover ratio.
Peer comparison
Dec 31, 2023