Newell Brands Inc (NWL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,824,000 | 9,305,000 | 10,336,000 | 9,059,000 | 9,688,100 |
| Receivables | US$ in thousands | 1,195,000 | 1,250,000 | 1,500,000 | 1,678,000 | 1,841,500 |
| Receivables turnover | 6.55 | 7.44 | 6.89 | 5.40 | 5.26 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,824,000K ÷ $1,195,000K
= 6.55
The receivables turnover ratio of Newell Brands Inc has fluctuated over the past five years. The ratio indicates how efficiently the company is managing its accounts receivable by collecting cash from customers.
In 2023, the company's receivables turnover ratio was 6.81, a decrease from 7.57 in 2022 but still higher than the ratios in 2021, 2020, and 2019. This suggests that Newell Brands Inc took approximately 6.81 days to collect its accounts receivable during 2023.
The downward trend in the ratio from 2022 to 2023 may indicate that the company took slightly longer to collect its receivables in 2023. However, the ratio remains relatively stable over the period, reflecting consistent management of receivables efficiency by the company.
Overall, while some fluctuations in the receivables turnover ratio were observed, Newell Brands Inc has maintained a reasonable level of efficiency in collecting cash from its customers over the past five years.
Peer comparison
Dec 31, 2023