nVent Electric PLC (NVT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,006,100 | 3,263,600 | 2,909,000 | 2,462,000 | 1,998,600 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,006,100K ÷ $—K
= —
The data provided shows that the receivables turnover ratio for nVent Electric PLC is not available for December 31, for the years 2020 through 2024. The receivables turnover ratio is a measure of how efficiently a company is managing its receivables, indicating how many times during a period the company collects its average accounts receivable balance.
Since the receivables turnover ratio is not available for the mentioned years, it is difficult to assess the company's effectiveness in collecting outstanding receivables within a specific timeframe. A low receivables turnover ratio may suggest inefficiencies in collections, credit policies, or potential issues with customers' ability to pay. On the other hand, a high ratio indicates effective management of receivables.
It is important for nVent Electric PLC to monitor and analyze its receivables turnover ratio over time to gain insights into the company's credit management and collection practices, which can impact cash flow and overall financial performance. Without this specific data, a deeper evaluation of the company's receivables management efficiency is challenging.
Peer comparison
Dec 31, 2024