Mohawk Industries Inc (MHK)
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 | 11,069,310 | 11,102,500 | 11,254,030 | 11,474,710 | 11,672,300 | 11,785,660 | 11,686,880 | 11,483,230 | 11,131,870 | 11,030,910 | 10,787,740 | 9,889,430 | 9,505,800 | 9,288,550 | 9,244,070 | 9,776,680 | 9,939,820 | 9,963,930 | 9,986,970 | 9,980,730 |
| Receivables | US$ in thousands | 1,874,660 | 1,943,150 | 2,087,070 | 2,052,360 | 1,904,790 | 2,003,260 | 2,105,810 | 2,044,700 | 1,839,980 | 1,880,480 | 2,017,620 | 1,813,860 | 1,709,490 | 1,710,960 | 1,586,400 | 1,644,750 | 1,526,620 | 1,787,160 | 1,819,470 | 1,743,580 |
| Receivables turnover | 5.90 | 5.71 | 5.39 | 5.59 | 6.13 | 5.88 | 5.55 | 5.62 | 6.05 | 5.87 | 5.35 | 5.45 | 5.56 | 5.43 | 5.83 | 5.94 | 6.51 | 5.58 | 5.49 | 5.72 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,069,310K ÷ $1,874,660K
= 5.90
The receivables turnover ratio for Mohawk Industries, Inc. in the most recent quarter (Q4 2023) was 5.94, indicating that the company collected its accounts receivable almost 6 times during the period. This represents a slight increase compared to the previous quarter (Q3 2023) when the ratio was 5.75.
Looking at the trend over the past year, the company's receivables turnover has shown some fluctuations but has generally remained in a range between 5.43 and 6.16. This indicates that Mohawk Industries has been able to efficiently collect its accounts receivable throughout the periods analyzed.
A higher receivables turnover ratio generally signifies that a company is collecting outstanding receivables more quickly, which can be a positive indicator of effective credit and collections management. However, it is essential to consider this ratio in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of Mohawk Industries' overall financial performance and efficiency in managing its receivables.
Peer comparison
Dec 31, 2023