Nucor Corp (NUE)

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	34,713,500	35,732,930	37,458,000	39,729,240	41,512,560	43,153,000	42,965,400	39,960,060	36,483,900	31,379,560	25,994,320	21,532,470	20,139,670	20,011,360	20,547,900	22,116,580	22,588,860	23,752,990	25,030,690	25,595,470
Receivables	US$ in thousands	2,953,310	3,427,700	3,874,930	—	3,591,030	—	—	—	3,853,970	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		11.75	10.42	9.67	—	11.56	—	—	—	9.47	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $34,713,500K ÷ $2,953,310K
= 11.75

The receivables turnover ratio for Nucor Corp. has exhibited variability over the past eight quarters. The ratio measures the efficiency with which the company is able to collect outstanding receivables from its customers during a specific period.

In Q4 2023, the receivables turnover ratio was 11.75, indicating that, on average, Nucor collected outstanding receivables approximately 11.75 times during that quarter. This represents an increase from the previous quarter's ratio of 10.42 in Q3 2023, suggesting improved efficiency in collecting receivables.

Throughout the past year, the company's receivables turnover ratio has generally been within a range of approximately 9 to 11.75. This fluctuation may reflect seasonal trends in sales or shifts in the company's customer base.

A higher receivables turnover ratio is typically viewed positively, as it indicates that the company is collecting its outstanding receivables more frequently, which can lead to improved cash flow and liquidity. Conversely, a lower ratio may suggest potential issues with collecting receivables promptly or efficiently.

Overall, Nucor Corp.'s receivables turnover ratio has shown some volatility but has generally remained at levels that indicate effective management of receivables and efficient cash flow operations. It is important for the company to continue monitoring and managing its receivables effectively to support its financial health and performance.