nVent Electric PLC (NVT)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,297,200 | 3,378,900 | 3,314,100 | 3,194,500 | 3,090,800 | 2,994,600 | 2,923,100 | 2,877,800 | 2,790,500 | 2,688,000 | 2,561,200 | 2,414,500 | 2,289,800 | 2,156,000 | 2,000,600 | 1,970,800 | 2,016,300 | 2,063,700 | 2,153,500 | 2,170,000 |
| Receivables | US$ in thousands | -13,400 | -17,100 | -15,700 | -15,000 | -15,500 | -15,100 | -15,800 | -9,900 | -9,900 | -9,300 | -7,900 | -6,700 | -6,000 | -5,800 | -5,800 | -6,200 | -7,500 | -6,500 | -5,700 | -5,400 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,297,200K ÷ $-13,400K
= —
The receivables turnover ratio for nVent Electric PLC is not available in the provided data. To perform a comprehensive analysis of the receivables turnover, we would need specific values for accounts receivable and sales figures for each period. Receivables turnover is a critical financial metric that measures how effectively a company is managing its accounts receivable by collecting outstanding payments from customers.
The formula for receivables turnover is:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
A high receivables turnover ratio indicates that the company is efficiently collecting payments from its customers, while a low ratio may suggest potential issues with credit policies, collection practices, or declining sales. Monitoring this ratio over time can provide insights into the company's liquidity, credit risk, and overall financial performance.
Peer comparison
Sep 30, 2024