Louisiana-Pacific Corporation (LPX)
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 | 2,581,000 | 2,628,000 | 2,752,000 | 3,271,000 | 3,854,000 | 3,984,000 | 4,150,000 | 4,188,000 | 4,038,000 | 3,674,000 | 3,451,000 | 2,831,000 | 2,399,000 | 2,465,000 | 2,273,000 | 2,313,000 | 2,310,000 | 2,362,000 | 2,496,000 | 2,719,000 |
| Receivables | US$ in thousands | 155,000 | 181,000 | 172,000 | 148,000 | 127,000 | 171,000 | 219,000 | 320,000 | 169,000 | 248,000 | 310,000 | 264,000 | 184,000 | 228,000 | 175,000 | 172,000 | 164,000 | 183,000 | 177,000 | 165,900 |
| Receivables turnover | 16.65 | 14.52 | 16.00 | 22.10 | 30.35 | 23.30 | 18.95 | 13.09 | 23.89 | 14.81 | 11.13 | 10.72 | 13.04 | 10.81 | 12.99 | 13.45 | 14.09 | 12.91 | 14.10 | 16.39 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,581,000K ÷ $155,000K
= 16.65
The receivables turnover ratio for Louisiana-Pacific Corp. has shown some fluctuations over the past eight quarters. The ratio measures how efficiently the company is collecting cash from its credit sales.
In Q4 2023, the receivables turnover ratio was 16.65, which indicates that the company collected its accounts receivable approximately 16.65 times during the quarter. This is a decrease from the previous quarter, Q3 2023, where the ratio was 13.58.
The highest receivables turnover ratio in the dataset was in Q4 2022 at 30.35, suggesting that the company was collecting its accounts receivable very efficiently during that quarter. Conversely, the lowest ratio was in Q1 2022 at 15.23.
Overall, the trend in the receivables turnover ratio over the previous eight quarters shows some variability, with some quarters demonstrating more efficient collections than others. It would be beneficial to further investigate the reasons behind these fluctuations and assess the company's credit policies and collection efforts to ensure timely receipt of cash from credit sales.
Peer comparison
Dec 31, 2023