MasTec Inc (MTZ)

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 11,995,910 11,724,180 10,980,560 10,408,250 9,777,990 8,579,070 8,469,890 8,130,800 7,951,820 7,779,220 7,073,200 6,679,800 6,320,980 6,393,480 6,711,800 7,081,500 7,183,200 7,391,500 7,352,100 7,030,900
Receivables US$ in thousands 1,370,070 1,542,900 1,485,200 1,372,050 1,399,730 1,057,450 1,014,600 902,500 1,019,320 957,000 865,235 876,715 784,488 917,099 927,764 796,120 850,326 1,953,340 1,841,770 1,986,340
Receivables turnover 8.76 7.60 7.39 7.59 6.99 8.11 8.35 9.01 7.80 8.13 8.17 7.62 8.06 6.97 7.23 8.90 8.45 3.78 3.99 3.54

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,995,910K ÷ $1,370,070K
= 8.76

MasTec Inc's receivables turnover has demonstrated fluctuations over the past few quarters, ranging from a low of 3.54 to a high of 9.01. The data shows that the receivables turnover ratio has generally been above 7, indicating that the company is efficient in collecting outstanding receivables.

The trend indicates that MasTec Inc has been effective in managing its accounts receivable, with some quarters showing stronger performance compared to others. This could signify effective credit control and collection efforts by the company.

It is important for MasTec Inc to continue monitoring its receivables turnover ratio to ensure cash flow remains healthy and that outstanding payments are collected in a timely manner. Any significant deviations from the historical average should be investigated to identify underlying issues that may affect the company's financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
MasTec Inc
MTZ
8.76
Dycom Industries Inc
DY
2.74
MYR Group Inc
MYRG
6.72