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