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