ManpowerGroup Inc (MAN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,861,200 | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 |
| Receivables | US$ in thousands | 4,297,200 | 4,830,000 | 5,137,400 | 5,448,200 | 4,912,400 |
| Receivables turnover | 4.16 | 3.89 | 3.85 | 3.80 | 3.65 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $17,861,200K ÷ $4,297,200K
= 4.16
The receivables turnover ratio for ManpowerGroup Inc has exhibited a positive trend over the past five years. Starting at 3.65 in December 31, 2020, the ratio increased steadily to 4.16 by December 31, 2024. This indicates that the company is collecting its accounts receivable more efficiently each year.
A higher receivables turnover ratio suggests that the company is converting its credit sales into cash more quickly, which is a positive sign of effective management of its receivables. The increasing trend in this ratio reflects the company's ability to efficiently collect payments from its customers over time.
Overall, the consistent improvement in the receivables turnover ratio for ManpowerGroup Inc indicates that the company has been effectively managing its credit sales and working capital, which can contribute to its overall financial health and stability.
Peer comparison
Dec 31, 2024