Linde plc Ordinary Shares (LIN)
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 | 32,607,000 | 32,273,000 | 32,937,000 | 33,237,000 | 33,292,000 | 33,587,000 | 32,468,000 | 31,582,000 | 30,594,000 | 29,518,000 | 28,675,000 | 27,486,000 | 27,002,000 | 27,013,000 | 27,360,000 | 28,187,000 | 28,392,000 | 27,128,000 | 22,988,000 | 18,737,000 |
| Receivables | US$ in thousands | 4,718,000 | 4,692,000 | 4,799,000 | 4,753,000 | 4,559,000 | 4,599,000 | 4,803,000 | 4,845,000 | 4,499,000 | 4,367,000 | 4,342,000 | 4,139,000 | 4,167,000 | 4,033,000 | 3,994,000 | 4,084,000 | 4,322,000 | 4,238,000 | 4,483,000 | 4,390,000 |
| Receivables turnover | 6.91 | 6.88 | 6.86 | 6.99 | 7.30 | 7.30 | 6.76 | 6.52 | 6.80 | 6.76 | 6.60 | 6.64 | 6.48 | 6.70 | 6.85 | 6.90 | 6.57 | 6.40 | 5.13 | 4.27 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $32,607,000K ÷ $4,718,000K
= 6.91
The receivables turnover for Linde Plc. has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 6.56 in Q1 2022 to a high of 7.34 in Q3 2022. In Q4 2023, the receivables turnover was at 6.71, indicating that on average, the company collected its accounts receivable approximately 6.71 times during the quarter.
Overall, the trend suggests that Linde Plc. has been relatively efficient in collecting its receivables, with the numbers remaining relatively stable within a narrow range. However, a more detailed analysis would be required to understand the factors driving these fluctuations and to assess the effectiveness of the company's credit policies and collection procedures.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Receivables Turnover (Quarterly Data)