Minerals Technologies Inc (MTX)
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 | 2,122,900 | 2,110,600 | 2,102,100 | 2,111,700 | 2,074,900 | 2,047,400 | 1,987,400 | 1,887,300 | 1,820,700 | 1,785,000 | 1,699,200 | 1,601,800 | 1,567,300 | 1,575,700 | 1,635,800 | 1,739,600 | 1,757,700 | 1,765,000 | 1,779,100 | 1,790,900 |
| Receivables | US$ in thousands | 399,100 | 418,300 | 419,800 | — | 404,000 | — | — | — | 367,800 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.32 | 5.05 | 5.01 | — | 5.14 | — | — | — | 4.95 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,122,900K ÷ $399,100K
= 5.32
Minerals Technologies, Inc.'s receivables turnover has exhibited consistency over the past eight quarters, ranging from 4.71 to 5.44. The company's ability to convert its accounts receivable into cash is demonstrated by the turnover ratios remaining within a relatively tight range. This stable trend implies that the company efficiently collects payments from customers, with a slight improvement in the most recent quarter compared to the previous periods. A consistently high receivables turnover ratio indicates that Minerals Technologies, Inc. is effective in managing its credit policies and collection processes, which is a positive sign for the company's liquidity and financial health.
Peer comparison
Dec 31, 2023