Materion Corporation (MTRN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,648,800 | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 |
| Receivables | US$ in thousands | 193,793 | 192,747 | 215,211 | 223,553 | 166,447 |
| Receivables turnover | 8.51 | 8.48 | 8.07 | 6.73 | 7.06 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,648,800K ÷ $193,793K
= 8.51
The receivables turnover of Materion Corporation has shown a fluctuating trend over the past five years. In 2020, the company's receivables turnover was 7.06, which decreased slightly to 6.73 in 2021. However, the turnover improved in the following years, reaching 8.07 in 2022, 8.48 in 2023, and 8.51 in 2024. This indicates that Materion Corporation has been able to collect its accounts receivable more efficiently over the years, with a notable increase in turnover in recent periods. A higher receivables turnover ratio generally suggests that the company is effectively managing its credit policies and collection procedures, converting its accounts receivable into cash more quickly. Overall, an increasing trend in receivables turnover reflects positively on the company's liquidity and operational efficiency.