Masco Corporation (MAS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,861,000 | 8,568,000 | 7,915,000 | 7,636,000 | 6,846,000 |
| Receivables | US$ in thousands | 1,090,000 | 1,149,000 | 1,171,000 | 1,138,000 | 997,000 |
| Receivables turnover | 7.21 | 7.46 | 6.76 | 6.71 | 6.87 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,861,000K ÷ $1,090,000K
= 7.21
Masco Corp.'s receivables turnover has shown fluctuating trends over the past five years. The receivables turnover ratio measures the efficiency of the company in collecting outstanding receivables during a specific period. A higher receivables turnover ratio indicates that the company is able to collect its outstanding receivables more quickly.
In the case of Masco Corp., the receivables turnover ratio has ranged from 6.32 to 7.55 over the past five years. The highest turnover ratio was observed in 2022 at 7.55, suggesting that the company efficiently collected its outstanding receivables that year. However, there was a slight decrease in the receivables turnover ratio in 2023 to 7.31.
Overall, Masco Corp.'s receivables turnover has remained relatively stable over the years, indicating that the company has been effective in managing its accounts receivable and collecting payments from customers in a timely manner. This consistency in the receivables turnover ratio reflects positively on Masco Corp.'s ability to efficiently manage its credit sales and maintain strong liquidity.
Peer comparison
Dec 31, 2023