Matson Inc (MATX)

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	3,081,800	3,095,300	3,380,000	3,866,100	4,326,500	4,790,200	4,746,900	4,359,700	3,903,500	3,335,600	2,908,600	2,555,100	2,355,900	2,195,800	2,122,200	2,158,100	2,180,600	2,206,100	2,225,200	2,225,500
Receivables	US$ in thousands	279,400	305,200	285,000	283,000	268,500	328,500	380,600	371,400	343,700	328,600	313,600	261,100	253,400	234,300	215,200	218,800	205,900	223,900	213,000	217,900
Receivables turnover		11.03	10.14	11.86	13.66	16.11	14.58	12.47	11.74	11.36	10.15	9.27	9.79	9.30	9.37	9.86	9.86	10.59	9.85	10.45	10.21

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,081,800K ÷ $279,400K
= 11.03

The receivables turnover ratio for Matson Inc has shown fluctuation over the past eight quarters. In Q4 2023, the receivables turnover ratio was 7.65, indicating that the company collected its accounts receivable approximately 7.65 times during that period. This was a decrease from Q3 2023, where the ratio was 10.18.

The highest receivables turnover ratio was observed in Q3 2022 at 14.64, while the lowest was in Q4 2023 at 7.65. Generally, a higher receivables turnover ratio is preferred as it suggests that the company is collecting its accounts receivable more quickly.

The trend of decreasing receivables turnover ratios from Q3 2022 to Q4 2023 may indicate a slower collection of accounts receivable during the recent periods. It is essential for the company to monitor and improve its accounts receivable collection process to ensure efficient management of its working capital and cash flow.