Masco Corporation (MAS)
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 | 7,861,000 | 7,896,000 | 8,121,000 | 8,341,000 | 8,568,000 | 8,318,000 | 8,321,000 | 8,159,000 | 7,747,000 | 7,958,000 | 7,728,000 | 7,303,000 | 7,072,000 | 6,851,000 | 6,811,000 | 7,316,000 | 7,648,000 | 8,050,000 | 8,210,000 | 8,228,000 |
| Receivables | US$ in thousands | 1,090,000 | 1,245,000 | 1,371,000 | 1,329,000 | 1,149,000 | 1,330,000 | 1,434,000 | 1,502,000 | 1,171,000 | 1,330,000 | 1,352,000 | 1,305,000 | 1,138,000 | 1,262,000 | 1,308,000 | 1,142,000 | 997,000 | 1,177,000 | 1,423,000 | 1,321,000 |
| Receivables turnover | 7.21 | 6.34 | 5.92 | 6.28 | 7.46 | 6.25 | 5.80 | 5.43 | 6.62 | 5.98 | 5.72 | 5.60 | 6.21 | 5.43 | 5.21 | 6.41 | 7.67 | 6.84 | 5.77 | 6.23 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,861,000K ÷ $1,090,000K
= 7.21
Masco Corp.'s receivables turnover ratio has exhibited fluctuations over the past eight quarters. The ratio measures the efficiency with which the company collects payments from its customers.
In the most recent quarter, Q4 2023, Masco Corp. achieved a receivables turnover of 7.31, showcasing an improvement from the previous quarter's 6.43. This indicates that the company was able to collect payments from its customers more quickly in Q4 2023 compared to Q3 2023.
Looking further back, Masco Corp. experienced a peak in receivables turnover in Q4 2022 at 7.55, but the ratio has shown some variability since then. Despite this variability, the company has generally maintained a healthy receivables turnover ratio above 6.
Overall, Masco Corp.'s performance in managing its receivables turnover reflects efficient collection practices, which is a positive indicator of the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023