ManpowerGroup Inc (MAN)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,845,600 | 18,036,300 | 18,155,700 | 18,467,800 | 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 |
| Receivables | US$ in thousands | 4,297,200 | 4,592,800 | 4,595,700 | 4,458,500 | 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 |
| Receivables turnover | 4.15 | 3.93 | 3.95 | 4.14 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,845,600K ÷ $4,297,200K
= 4.15
The receivables turnover ratio for ManpowerGroup Inc has fluctuated over the past few years. It stood at 4.30 on March 31, 2020, and gradually increased to 4.44 by June 30, 2020. However, there was a slight decrease to 3.99 by September 30, 2020, followed by a further decline to 3.66 by December 31, 2020. The ratio improved to 3.73 by March 31, 2021, and continued to increase to 3.81 by June 30, 2021, and 4.00 by September 30, 2021.
There was a slight dip to 3.80 by December 31, 2021, but the ratio recovered to 3.84 by March 31, 2022, and 3.87 by June 30, 2022. The ratio then rose notably to 4.31 by September 30, 2022, signifying a more efficient collection of receivables. However, there was a slight decrease to 3.85 by December 31, 2022, followed by fluctuations in subsequent periods.
Overall, the trend in the receivables turnover ratio for ManpowerGroup Inc indicates varying efficiency in collecting receivables over the years, with some periods showing improvement and others displaying a slight decline. It is essential for the company to monitor and manage its receivables effectively to ensure a healthy cash flow and timely collection of outstanding amounts.
Peer comparison
Dec 31, 2024