Ingevity Corp (NGVT)
Receivables turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,402,200 | 1,382,300 | 1,451,400 | 1,542,600 | 1,595,100 | 1,639,900 | 1,675,900 | 1,614,000 | 1,604,200 | 1,566,500 | 1,461,300 | 1,399,800 | 1,337,300 | 1,381,100 | 1,336,000 | 1,248,200 | 1,215,700 | 1,193,500 | 1,220,200 | 1,300,800 |
| Receivables | US$ in thousands | 1,800 | -400 | -900 | -1,200 | 4,700 | -500 | -2,100 | -500 | 4,900 | -2,300 | -2,000 | -2,000 | 600 | — | — | — | 151,600 | — | — | — |
| Receivables turnover | 779.00 | — | — | — | 339.38 | — | — | — | 327.39 | — | — | — | 2,228.83 | — | — | — | 8.02 | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,402,200K ÷ $1,800K
= 779.00
The receivables turnover ratio for Ingevity Corp has shown significant fluctuations over the years based on the provided data. It was not calculable for several periods but became exceptionally high at 2,228.83 for December 31, 2021, and 327.39 for December 31, 2022. These extremely high values may indicate irregularities in the financial reporting or anomalies in the data.
For December 31, 2023 and 2024, the receivables turnover ratio decreased to 339.38 and 779.00, respectively. These values suggest that the company took shorter or longer periods to collect outstanding receivables during these periods.
Overall, the erratic nature of the receivables turnover ratio for Ingevity Corp raises questions about the effectiveness of its credit policies, management of accounts receivable, and the accuracy of financial reporting. Further analysis and investigation would be necessary to understand the reasons behind such drastic fluctuations in this key financial metric.
Peer comparison
Dec 31, 2024