MSA Safety (MSA)

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	1,787,646	1,708,559	1,648,578	1,586,762	1,527,954	1,483,509	1,447,089	1,415,368	1,400,181	1,370,674	1,338,733	1,315,694	1,348,223	1,335,229	1,381,851	1,417,088	1,401,981	1,388,510	1,368,592	1,358,248
Receivables	US$ in thousands	307,590	324,286	329,101	304,588	336,028	290,184	300,679	277,090	284,022	271,479	273,070	267,350	278,468	254,923	264,155	284,515	268,154	274,302	280,317	277,103
Receivables turnover		5.81	5.27	5.01	5.21	4.55	5.11	4.81	5.11	4.93	5.05	4.90	4.92	4.84	5.24	5.23	4.98	5.23	5.06	4.88	4.90

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,787,646K ÷ $307,590K
= 5.81

MSA Safety Inc's receivables turnover has shown consistency over the past eight quarters, with values ranging from 4.79 to 5.81. The receivables turnover ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.

In the most recent quarter, Q4 2023, MSA Safety Inc's receivables turnover ratio was 5.81, reflecting an increase compared to the previous quarter. This suggests that the company was able to collect its accounts receivable more quickly in Q4 2023.

Overall, MSA Safety Inc's receivables turnover ratios have been relatively stable, indicating that the company has been effective in managing its accounts receivable and converting them into cash. The company's ability to promptly collect receivables is essential for maintaining healthy cash flows and liquidity.

Further analysis of trends in receivables turnover along with other financial metrics can provide a more comprehensive understanding of MSA Safety Inc's overall financial health and efficiency in managing its working capital.