Mativ Holdings Inc. (MATV)

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 2,204,600 2,392,000 2,560,900 2,326,800 2,069,000 1,839,000 1,557,000 1,515,700 1,408,700 1,297,700 1,200,900 1,082,300 1,051,600 1,010,700 988,900 997,600 993,200 1,003,400 1,014,000 1,029,600
Receivables US$ in thousands 207,100 197,700 297,800 325,000 286,500 469,800 298,200 282,200 248,000 259,300 248,100 176,200 154,700 176,100 159,500 176,300 155,700 167,100 180,800 172,800
Receivables turnover 10.65 12.10 8.60 7.16 7.22 3.91 5.22 5.37 5.68 5.00 4.84 6.14 6.80 5.74 6.20 5.66 6.38 6.00 5.61 5.96

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,204,600K ÷ $207,100K
= 10.65

The receivables turnover of Mativ Holdings Inc has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 9.78, indicating that the company collected its accounts receivable approximately 9.78 times during the quarter. This was a decrease from the previous quarter (Q3 2023), where the ratio was 12.67, suggesting a faster collection of receivables.

The Q4 2023 ratio of 9.78 is higher than the ratios reported in Q2 2023 (9.00) and Q1 2023 (7.51), indicating an improvement in the efficiency of collecting receivables. However, it is lower compared to the ratios in Q3 2022 (7.57) and Q2 2022 (4.04), showing a general uptrend in receivables turnover over the past year.

Overall, the trend in receivables turnover for Mativ Holdings Inc has been positive, with the company improving its collection efficiency over time. It is essential for the company to continue monitoring this ratio to ensure timely collection of accounts receivable and maintain healthy cash flows.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
Mativ Holdings Inc.
MATV
10.65
International Paper
IP
6.14
Sylvamo Corp
SLVM
8.66