MasTec Inc (MTZ)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,995,900 | 9,778,040 | 7,951,800 | 6,321,000 | 7,183,200 |
| Receivables | US$ in thousands | 1,370,070 | 1,399,730 | 1,019,320 | 784,488 | 850,326 |
| Receivables turnover | 8.76 | 6.99 | 7.80 | 8.06 | 8.45 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,995,900K ÷ $1,370,070K
= 8.76
MasTec Inc's receivables turnover ratio has fluctuated over the past five years. The trend indicates that the company is collecting its accounts receivables more frequently in recent years compared to earlier years.
In 2023, the receivables turnover ratio was 8.76, showing an improvement from the previous year's ratio of 6.99. This suggests that MasTec Inc collected its receivables 8.76 times during the year, indicating a more efficient collection process.
Comparing to 2021 and 2020, where the ratios were 7.80 and 8.06 respectively, the 2023 ratio of 8.76 indicates a better performance in collecting receivables. However, it is slightly lower compared to 2019, where the ratio was 8.45.
Overall, the upward trend in the receivables turnover ratio over the past two years suggests that MasTec Inc has been improving its efficiency in collecting accounts receivables, which is a positive sign for the company's liquidity and cash flow management.
Peer comparison
Dec 31, 2023