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.
Peer comparison
Dec 31, 2023