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

Company name
Symbol
Receivables turnover
Masco Corporation
MAS
7.21
Sunrun Inc
RUN
3.53