Matthews International Corporation (MATW)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,795,737 | 1,829,210 | 1,873,285 | 1,881,642 | 1,880,896 | 1,857,855 | 1,807,666 | 1,773,064 | 1,762,403 | 1,744,115 | 1,750,776 | 1,722,952 | 1,671,030 | 1,631,331 | 1,562,373 | 1,520,019 | 1,498,306 | 1,491,571 | 1,511,443 | 1,528,043 |
| Receivables | US$ in thousands | 205,984 | 192,817 | 192,735 | 216,402 | 207,526 | 188,262 | 216,140 | 221,613 | 221,015 | 207,503 | 223,283 | 313,997 | 309,818 | 296,660 | 292,703 | 305,426 | 295,185 | 271,238 | 294,587 | 312,903 |
| Receivables turnover | 8.72 | 9.49 | 9.72 | 8.70 | 9.06 | 9.87 | 8.36 | 8.00 | 7.97 | 8.41 | 7.84 | 5.49 | 5.39 | 5.50 | 5.34 | 4.98 | 5.08 | 5.50 | 5.13 | 4.88 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,795,737K ÷ $205,984K
= 8.72
The receivables turnover for Matthews International Corporation has shown some fluctuations over the past several quarters. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers.
The trend demonstrates an overall improvement from 2019 to 2024, with the ratio generally increasing over this period. There was a notable peak in receivables turnover in the second quarter of 2023, followed by some fluctuation in subsequent quarters.
A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is a positive indicator of effective credit and collection policies. On the other hand, a lower ratio may indicate potential issues with collecting payments from customers in a timely manner.
It is essential for Matthews International Corporation to continue monitoring and managing its receivables turnover to ensure efficient cash flow management and healthy liquidity levels. Overall, the trend in receivables turnover for the company has been positive, albeit with some variability from quarter to quarter.