Mattel Inc (MAT)
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 | 5,304,061 | 5,051,601 | 4,877,681 | 5,012,191 | 5,229,410 | 5,657,040 | 5,646,910 | 5,452,890 | 5,094,018 | 4,905,228 | 4,774,438 | 4,465,397 | 4,366,480 | 4,271,190 | 4,130,860 | 4,267,729 | 4,360,098 | 4,410,678 | 4,359,988 | 4,329,823 |
| Receivables | US$ in thousands | 1,081,830 | 1,571,050 | 890,882 | 673,844 | 860,221 | 1,381,530 | 989,194 | 862,236 | 1,072,680 | 1,437,900 | 784,084 | 680,642 | 1,033,970 | 1,326,130 | 650,502 | 528,522 | 936,359 | 1,291,260 | 755,698 | 624,477 |
| Receivables turnover | 4.90 | 3.22 | 5.48 | 7.44 | 6.08 | 4.09 | 5.71 | 6.32 | 4.75 | 3.41 | 6.09 | 6.56 | 4.22 | 3.22 | 6.35 | 8.07 | 4.66 | 3.42 | 5.77 | 6.93 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,304,061K ÷ $1,081,830K
= 4.90
The receivables turnover ratio for Mattel Inc has fluctuated over the past few quarters, ranging from a low of 3.22 to a high of 8.07. This ratio indicates the efficiency of the company in collecting payments from its customers. A higher receivables turnover ratio suggests that Mattel is able to collect its accounts receivable more quickly, which is a positive sign of effective credit management and liquidity.
The trend in the receivables turnover ratio has been somewhat inconsistent, with peaks and troughs occurring throughout the periods analyzed. However, it is generally above 4.0, indicating that Mattel is turning over its receivables multiple times during the year.
Overall, an increasing trend in the receivables turnover ratio could signify improved collection practices or a shift towards more creditworthy customers. On the other hand, a decreasing trend may point to potential issues with collections or an increase in credit risk. It would be beneficial for Mattel to monitor this ratio closely and assess the reasons behind any significant fluctuations to ensure optimal cash flow management.