Mueller Water Products (MWA)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,373,500 | 1,362,600 | 1,314,700 | 1,267,900 | 1,237,800 | 1,217,300 | 1,275,700 | 1,305,700 | 1,312,300 | 1,289,900 | 1,247,400 | 1,211,600 | 1,188,900 | 1,145,900 | 1,111,000 | 1,080,700 | 998,700 | 988,900 | 964,100 | 965,700 |
| Receivables | US$ in thousands | 221,600 | 151,400 | 215,500 | 218,700 | 234,100 | 172,900 | 217,100 | 214,300 | 229,300 | 201,900 | 233,000 | 235,200 | 234,800 | 191,400 | 212,200 | 209,500 | 183,900 | 169,400 | 180,800 | 167,700 |
| Receivables turnover | 6.20 | 9.00 | 6.10 | 5.80 | 5.29 | 7.04 | 5.88 | 6.09 | 5.72 | 6.39 | 5.35 | 5.15 | 5.06 | 5.99 | 5.24 | 5.16 | 5.43 | 5.84 | 5.33 | 5.76 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,373,500K ÷ $221,600K
= 6.20
The receivables turnover ratio for Mueller Water Products has exhibited notable fluctuations over the observed period from June 30, 2020, through March 31, 2025. Beginning at a ratio of 5.76 in June 2020, it experienced a slight decline to 5.33 by September 2020, followed by an increase to 5.84 at the end of 2020, indicating a modest improvement in the efficiency of collecting receivables during that year.
In 2021, the ratio showed variability, starting at 5.43 in March, decreasing to 5.16 in June, and slightly rising to 5.24 in September, before reaching a peak of 5.99 at the end of December 2021. This suggests a temporary improvement in collection efficiency toward year-end.
Throughout 2022, the ratio experienced minor fluctuations, generally hovering around the 5.1 to 6.4 range, with the highest point recorded at 6.39 in December 2022. Notably, the ratio increased to 5.72 in the first quarter of 2023, then 6.09 in June, slightly decreasing to 5.88 in September, before reaching a significant peak of 7.04 at the close of 2023. The higher end-of-year figure indicates a marked improvement in receivables collection efficiency at that time.
In early 2024, the ratio declined to 5.29 in March but rebounded to 5.80 in June and 6.10 in September. A substantial increase is observed by December 2024, where the ratio reaches 9.00, reflecting a significant enhancement in the collection process or possibly changes in credit policies or customer payment behavior. The ratio somewhat decreased to 6.20 in the first quarter of 2025.
Overall, the data suggests a pattern of fluctuating receivables turnover ratios, with periods of decline and recovery. The notable peak in December 2024 indicates a period of improved receivables management, whereas lower ratios earlier in the timeline suggest periods where collection efficiency could have been less effective. The trend demonstrates periodic improvements in receivables collection, which may be influenced by internal policy changes, market conditions, or customer payment practices.
Peer comparison
Mar 31, 2025