Mattel Inc (MAT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Receivables | US$ in thousands | 1,081,830 | 860,221 | 1,072,680 | 1,033,970 | 936,359 |
| Receivables turnover | 4.90 | 6.08 | 4.74 | 4.22 | 4.60 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,304,060K ÷ $1,081,830K
= 4.90
The receivables turnover ratio for Mattel Inc has fluctuated over the past five years, ranging from 4.22 in 2020 to 6.08 in 2022. The ratio indicates how efficiently the company is collecting payments from its customers. A higher ratio suggests that the company is collecting receivables more quickly.
In 2023, the receivables turnover ratio decreased to 4.90 from 6.08 in 2022, indicating a slight decrease in the efficiency of receivables collection compared to the previous year. This could be due to reasons such as changes in credit policies, increased credit sales, or delays in customer payments.
Overall, despite the fluctuations, Mattel Inc's receivables turnover ratio has generally been within a relatively stable range over the past five years, reflecting a moderate level of efficiency in collecting receivables. It is essential for the company to continue monitoring and managing its receivables effectively to ensure healthy cash flows and liquidity.