The Mosaic Company (MOS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,122,800 | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 |
| Receivables | US$ in thousands | 1,113,300 | 1,269,200 | 1,699,900 | 1,531,900 | 881,100 |
| Receivables turnover | 9.99 | 10.79 | 11.25 | 8.07 | 9.85 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,122,800K ÷ $1,113,300K
= 9.99
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. In the case of The Mosaic Company, the receivables turnover has shown some fluctuations over the years.
As of December 31, 2020, the receivables turnover ratio was 9.85. This indicates that, on average, Mosaic collected its accounts receivable approximately 9.85 times during the year. By December 31, 2021, the ratio had decreased to 8.07, suggesting the company took longer to collect its receivables compared to the previous year.
However, there was a notable improvement by December 31, 2022, with the receivables turnover ratio increasing to 11.25. This may signify that Mosaic became more efficient in collecting its accounts receivable during that year. The positive trend continued through December 31, 2023, with a ratio of 10.79, indicating continued improvement in the company's accounts receivable management.
By December 31, 2024, the receivables turnover ratio stood at 9.99, slightly lower than the previous year but still showing a relatively efficient collection of receivables. Overall, the fluctuation in the receivables turnover ratio suggests that The Mosaic Company has made efforts to manage its accounts receivable efficiently, with some variability in performance over the years.
Peer comparison
Dec 31, 2024