Mativ Holdings Inc. (MATV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,959,100 | 2,091,700 | 1,421,900 | 1,043,000 | 985,300 |
| Receivables | US$ in thousands | 207,100 | 286,500 | 248,000 | 154,700 | 155,700 |
| Receivables turnover | 9.46 | 7.30 | 5.73 | 6.74 | 6.33 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,959,100K ÷ $207,100K
= 9.46
The receivables turnover ratio for Mativ Holdings Inc has shown a generally increasing trend over the past five years, indicating an improvement in the company's efficiency in collecting receivables from its customers.
In 2023, the receivables turnover ratio was 9.78, the highest among the five years analyzed. This suggests that Mativ Holdings Inc collected its accounts receivable approximately 9.78 times during the year, indicating a more efficient collection process compared to previous years.
The 2022 ratio of 7.57 was lower than 2023 but still higher than the ratios in 2021, 2020, and 2019, indicating a consistent upward trend in receivables turnover efficiency.
The lowest ratio in the past five years was in 2021 at 5.81, which may signify that the company took longer to collect receivables that year compared to other years. However, the ratios from 2020 and 2019 show improvements in receivables turnover compared to 2021.
Overall, the increasing trend in receivables turnover ratios suggests that Mativ Holdings Inc has been more effective in managing its accounts receivable and converting them into cash over the years. This indicates a positive trend in the company's ability to efficiently collect outstanding customer payments.
Peer comparison
Dec 31, 2023