ManpowerGroup Inc (MAN)

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	18,813,000	18,997,000	19,134,800	19,366,000	19,762,200	20,347,600	20,690,800	20,895,400	20,680,400	20,363,000	19,806,800	18,271,300	17,964,500	18,106,200	18,765,700	20,396,800	20,823,700	21,020,300	26,617,800	32,562,200
Receivables	US$ in thousands	4,830,000	4,600,200	4,995,200	4,773,200	5,137,400	4,720,300	5,343,900	5,440,000	5,448,200	5,091,400	5,203,300	4,892,700	4,912,400	4,535,700	4,224,600	4,748,500	5,273,100	5,122,100	5,415,600	5,186,300
Receivables turnover		3.90	4.13	3.83	4.06	3.85	4.31	3.87	3.84	3.80	4.00	3.81	3.73	3.66	3.99	4.44	4.30	3.95	4.10	4.92	6.28

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,813,000K ÷ $4,830,000K
= 3.90

The receivables turnover ratio for ManpowerGroup has fluctuated over the past eight quarters. The ratio indicates the efficiency of the company in collecting its accounts receivable during a specific period. A higher ratio generally signifies that the company is collecting its outstanding receivables more quickly.

Based on the data provided, the trend in ManpowerGroup's receivables turnover has shown some variability. In the most recent quarter, Q4 2023, the receivables turnover was 3.92, slightly lower than the previous quarter at 4.15 in Q3 2023. This decrease may indicate that the company took longer to collect its receivables compared to the previous quarter.

Looking at the overall trend, the receivables turnover ratio has ranged between 3.85 and 4.32 over the past eight quarters. Despite some fluctuations, the ratio has generally been within a relatively narrow range, indicating a consistent ability to collect receivables efficiently.

It is important for ManpowerGroup to monitor its receivables turnover ratio closely to ensure that it maintains a healthy balance between extending credit to customers and collecting payments promptly. Any significant deviations from the historical trend may warrant further investigation to understand underlying factors affecting the company's receivables management.