The Mosaic Company (MOS)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,122,800 | 10,988,000 | 11,551,900 | 12,556,100 | 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 |
| Receivables | US$ in thousands | 1,113,300 | 1,031,600 | 1,285,500 | 1,212,600 | 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 |
| Receivables turnover | 9.99 | 10.65 | 8.99 | 10.35 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,122,800K ÷ $1,113,300K
= 9.99
The receivables turnover ratio for The Mosaic Company has fluctuated over the years, ranging from a low of 7.83 to a high of 13.12. This ratio indicates how efficient the company is at collecting outstanding receivables from its customers during a specific period. A higher turnover ratio suggests that the company is collecting payments more quickly, while a lower ratio may indicate potential issues with collecting receivables in a timely manner.
Analyzing the trend, we see that the receivables turnover ratio generally increased from March 2020 to June 2023, peaking at 13.12 in June 2023, before experiencing a slight decline. This upward trend indicates an improvement in the company's ability to collect receivables efficiently during this period. However, the ratio decreased in the subsequent quarters, reaching a low of 8.99 in June 2024.
It is important to assess the reasons behind these fluctuations in the receivables turnover ratio. A declining ratio could potentially signal a slowdown in sales or issues with credit management, whereas an increasing ratio may indicate more effective collection practices or a shift towards cash sales.
Overall, a comprehensive analysis of The Mosaic Company's receivables turnover ratio suggests both strengths and areas for improvement in their accounts receivable management practices, which may have implications for the company's liquidity and cash flow positions. Additional information and context would be needed to provide a more in-depth evaluation of the significance of these trends.
Peer comparison
Dec 31, 2024