Enviri Corporation (NVRI)
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 | 2,069,225 | 2,008,711 | 1,971,037 | 1,931,921 | 1,889,065 | 1,882,838 | 1,866,309 | 1,853,931 | 1,848,399 | 1,564,837 | 1,603,850 | 1,582,457 | 1,534,033 | 1,455,934 | 1,369,691 | 1,273,308 | 1,204,369 | 1,435,717 | 1,364,125 | 1,353,134 |
| Receivables | US$ in thousands | 314,629 | 317,587 | 338,462 | 307,609 | 289,807 | 296,197 | 295,921 | 411,999 | 410,940 | 465,351 | 462,501 | 450,828 | 441,643 | 439,319 | 426,166 | 339,395 | 331,255 | 335,005 | 386,376 | 347,925 |
| Receivables turnover | 6.58 | 6.32 | 5.82 | 6.28 | 6.52 | 6.36 | 6.31 | 4.50 | 4.50 | 3.36 | 3.47 | 3.51 | 3.47 | 3.31 | 3.21 | 3.75 | 3.64 | 4.29 | 3.53 | 3.89 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,069,225K ÷ $314,629K
= 6.58
The receivables turnover ratio of Enviri Corp has exhibited fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 6.58, indicating that the company collected its accounts receivable approximately 6.58 times during the quarter. This represents an improvement compared to Q3 and Q2 2023, where the ratios were 6.32 and 5.82 respectively.
Comparing the performance to the same quarter in the previous year, there was a slight increase from Q4 2022, where the receivables turnover was 6.52. This suggests that the company's efficiency in collecting receivables has slightly improved.
Looking at the trend over the past eight quarters, Enviri Corp's receivables turnover ratio has been relatively stable, with some fluctuations. However, it is essential for the company to monitor this ratio consistently to ensure efficient management of accounts receivable and liquidity.