Enpro Industries (NPO)
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 | 1,013,100 | 1,047,200 | 1,078,000 | 1,139,100 | 1,189,800 | 1,130,600 | 1,139,000 | 1,108,000 | 1,061,700 | 1,115,600 | 1,100,800 | 1,049,300 | 1,052,000 | 1,071,900 | 1,180,600 | 1,324,500 | 1,406,800 | 1,501,700 | 1,516,900 | 1,523,500 |
| Receivables | US$ in thousands | -2,000 | — | — | — | -2,900 | — | — | — | 5,600 | 42,700 | 51,900 | 50,300 | 45,500 | — | — | — | 25,000 | 38,500 | 36,500 | 32,700 |
| Receivables turnover | — | — | — | — | — | — | — | — | 189.59 | 26.13 | 21.21 | 20.86 | 23.12 | — | — | — | 56.27 | 39.01 | 41.56 | 46.59 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,013,100K ÷ $-2,000K
= —
The receivables turnover ratio for Enpro Inc has shown a fluctuating trend over the past eight quarters. The ratio measures how efficiently the company is able to collect payments from its customers.
In Q4 2023, the receivables turnover ratio was 9.08, indicating that Enpro Inc collected its accounts receivable approximately 9 times during the quarter. This represents an improvement from the previous quarter but is consistent with higher turnover seen in earlier quarters, such as Q4 2022.
The trend over the past two years shows some variability, with peaks and valleys in the receivables turnover ratio. Generally, higher turnover ratios indicate that the company is collecting payments from customers more quickly, which is a positive sign of efficient accounts receivable management.
It would be beneficial for Enpro Inc to continue monitoring and analyzing its receivables turnover ratio to ensure that it remains at an optimal level and to identify any potential issues with collecting payments in a timely manner.