NewMarket Corporation (NEU)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,786,560	2,698,420	2,764,800	2,356,110	2,010,930
Receivables	US$ in thousands	—	—	—	—	—
Receivables turnover		—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,786,560K ÷ $—K
= —

Based on the data provided, NewMarket Corporation's receivables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not available (denoted as "—"). The receivables turnover ratio is a key financial metric that indicates how efficiently a company is collecting its accounts receivable during a specific period.

The absence of receivables turnover data for the mentioned years limits our ability to assess NewMarket Corporation's effectiveness in converting its accounts receivable into cash. A high receivables turnover ratio generally signifies that the company is efficiently managing its credit policies, collecting payments promptly, and minimizing credit risk. On the other hand, a low turnover ratio may indicate potential issues with collections, credit policies, or an excessive amount of outstanding receivables.

Without the specific receivables turnover figures, it is challenging to make a precise evaluation of NewMarket Corporation's accounts receivable management performance. It would be beneficial to track this ratio in the future to gain insights into the company's operational efficiency and financial health.