ManpowerGroup Inc (MAN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 | 20,892,800 |
| Receivables | US$ in thousands | 4,830,000 | 5,137,400 | 5,448,200 | 4,912,400 | 5,273,100 |
| Receivables turnover | 3.89 | 3.85 | 3.80 | 3.65 | 3.96 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $18,811,700K ÷ $4,830,000K
= 3.89
The receivables turnover ratio for ManpowerGroup has shown a relatively stable trend over the past five years, ranging from 3.66 to 3.96. This indicates the number of times the company collects its accounts receivable during a specific period.
The higher the receivables turnover ratio, the more efficient the company is in collecting payments from its customers. In this case, the ratio has generally been above 3, suggesting that ManpowerGroup has been managing its accounts receivable effectively.
It's worth noting that the slight fluctuations in the receivables turnover ratio over the years could be due to changes in the company's credit policies, customer payment behavior, or macroeconomic conditions. Overall, a consistent and relatively high receivables turnover ratio is a positive sign of the company's liquidity and ability to convert sales into cash.
Peer comparison
Dec 31, 2023