Materion Corporation (MTRN)

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	1,633,620	1,648,357	1,675,646	1,725,472	1,735,899	2,803,789	2,384,788	1,947,417	1,504,455	348,644	352,178	357,767	364,481	304,953	315,512	325,994	333,810	351,719	347,825	339,962
Receivables	US$ in thousands	192,747	186,177	188,166	207,998	215,211	238,975	—	—	223,553	—	—	—	166,447	150,454	146,527	138,803	154,751	165,477	142,327	144,952
Receivables turnover		8.48	8.85	8.91	8.30	8.07	11.73	—	—	6.73	—	—	—	2.19	2.03	2.15	2.35	2.16	2.13	2.44	2.35

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,633,620K ÷ $192,747K
= 8.48

Materion Corp's receivables turnover has shown fluctuations over the past eight quarters, ranging from a low of 6.75 in Q1 2022 to a high of 9.06 in Q2 2023. The receivables turnover ratio indicates how efficiently a company is collecting on its credit sales within a given period.

The increasing trend in receivables turnover from Q1 2023 to Q2 2023 suggests that Materion Corp was able to collect its accounts receivable at a faster rate during that period. This is a positive indicator of efficient collection practices and potentially effective credit management.

Overall, Materion Corp’s average receivables turnover for the past eight quarters appears adequate, indicating a reasonable balance between extending credit to customers and promptly converting those credit sales into cash. However, it would be beneficial for the company to continue monitoring and improving its collection processes to maintain healthy cash flow and liquidity.