Materion Corporation (MTRN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 | 1,182,840 |
| Receivables | US$ in thousands | 192,747 | 215,211 | 223,553 | 166,447 | 154,751 |
| Receivables turnover | 8.48 | 8.07 | 6.73 | 7.06 | 7.64 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,633,630K ÷ $192,747K
= 8.48
The receivables turnover ratio for Materion Corp has shown a fluctuating trend over the past five years. In 2023, the receivables turnover ratio increased to 8.64 from 8.16 in 2022, indicating that the company collected its accounts receivable more efficiently during the year. This improvement suggests that Materion Corp was able to convert its accounts receivable into cash more frequently compared to the previous year.
The 2023 ratio of 8.64 is notably higher than the ratios in 2021 and 2020, which were 6.76 and 7.07, respectively. This suggests that Materion Corp improved its receivables management efficiency in 2023 compared to the two previous years. However, when compared to 2019, the receivables turnover ratio in 2023 of 8.64 is slightly lower than the ratio of 7.66, indicating a relative decrease in efficiency in 2023.
Overall, Materion Corp has shown fluctuations in its receivables turnover ratio over the past five years, with some years demonstrating improved efficiency in collecting accounts receivable compared to others. continued monitoring and analysis of this ratio is essential for understanding the company's effectiveness in managing its receivables.