Louisiana-Pacific Corporation (LPX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,581,000 | 3,854,000 | 3,915,000 | 2,399,000 | 2,310,000 |
| Receivables | US$ in thousands | 155,000 | 127,000 | 169,000 | 184,000 | 164,000 |
| Receivables turnover | 16.65 | 30.35 | 23.17 | 13.04 | 14.09 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,581,000K ÷ $155,000K
= 16.65
The receivables turnover ratio for Louisiana-Pacific Corp. has fluctuated over the past five years, indicating varying efficiency in collecting accounts receivable.
In 2023, the receivables turnover ratio decreased to 16.65 from the previous year's high of 30.35 in 2022. This decrease suggests that the company took longer to collect its accounts receivable in 2023 compared to 2022.
Despite the decline in 2023, the receivables turnover remained above the ratios observed in 2020 and 2019, indicating some improvement in receivables collection efficiency over the long term.
Overall, the trend in the receivables turnover ratio for Louisiana-Pacific Corp. shows fluctuations in collection efficiency over the years, with efforts needed to maintain or improve the efficiency of collecting accounts receivable in the future.
Peer comparison
Dec 31, 2023