Louisiana-Pacific Corporation (LPX)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,941,000 | 2,581,000 | 3,854,000 | 3,915,000 | 2,399,000 |
| Receivables | US$ in thousands | 131,000 | 155,000 | 127,000 | 169,000 | 184,000 |
| Receivables turnover | 22.45 | 16.65 | 30.35 | 23.17 | 13.04 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,941,000K ÷ $131,000K
= 22.45
The receivables turnover ratio for Louisiana-Pacific Corporation has shown fluctuating trends over the past five years. In 2020, the company had a receivables turnover of 13.04, which indicates that it collected its accounts receivable approximately 13 times during that year.
The ratio increased significantly in 2021 to 23.17, suggesting that the company improved its efficiency in collecting receivables. This trend continued in 2022 with a notable further increase to 30.35, reflecting an even higher level of efficiency in converting receivables into cash.
However, in 2023, there was a decline in the receivables turnover ratio to 16.65, indicating a potential slowdown in the collection of receivables compared to the previous year. The ratio then bounced back in 2024 to 22.45, although not reaching the peak of 2022.
Overall, the company has displayed varying levels of efficiency in managing its accounts receivable over the years, with significant improvements in 2021 and 2022, followed by some fluctuations in subsequent years. It is essential for Louisiana-Pacific Corporation to closely monitor its receivables turnover to ensure timely collection and maintain healthy cash flows.
Peer comparison
Dec 31, 2024