The Mosaic Company (MOS)
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 | 14,142,000 | 13,242,400 | 16,030,200 | 18,535,500 | 19,125,200 | 20,318,500 | 17,641,300 | 14,700,400 | 12,357,400 | 11,172,800 | 10,172,900 | 9,354,000 | 8,681,700 | 7,900,800 | 8,286,100 | 8,475,100 | 8,921,500 | 9,698,800 | 9,902,100 | 9,758,700 |
| Receivables | US$ in thousands | 1,269,200 | 1,399,200 | 1,222,200 | 1,426,300 | 1,699,900 | 1,899,800 | 2,251,900 | 1,530,100 | 1,531,900 | 1,081,500 | 930,500 | 851,600 | 881,100 | 794,600 | 689,600 | 723,000 | 803,900 | 801,400 | 711,700 | 792,000 |
| Receivables turnover | 11.14 | 9.46 | 13.12 | 13.00 | 11.25 | 10.70 | 7.83 | 9.61 | 8.07 | 10.33 | 10.93 | 10.98 | 9.85 | 9.94 | 12.02 | 11.72 | 11.10 | 12.10 | 13.91 | 12.32 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,142,000K ÷ $1,269,200K
= 11.14
The receivables turnover ratio for Mosaic Company has shown fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 8.90, indicating that the company collected its outstanding receivables approximately 8.90 times during the quarter. This represents an improvement from the previous quarter's ratio of 8.42.
Looking back further, the receivables turnover ratio was relatively high in Q2 and Q1 2023, at 10.65 and 10.75, respectively, suggesting that the company was more efficient in collecting its receivables during that period. However, the ratio saw a decline in Q2 2022, dropping to 6.47, before gradually increasing in the subsequent quarters.
Overall, the fluctuations in the receivables turnover ratio may indicate changes in the company's credit policies, customer payment behavior, or sales volume. A higher receivables turnover ratio generally indicates a more efficient management of receivables and liquidity, while a lower ratio may signal potential issues in collecting payments from customers. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Mosaic Company's receivables management performance.
Peer comparison
Dec 31, 2023