Newell Brands Inc (NWL)
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 | 7,824,000 | 8,126,000 | 8,321,000 | 8,682,000 | 9,281,000 | 9,801,000 | 10,341,000 | 10,501,000 | 10,403,000 | 10,161,000 | 10,057,000 | 9,530,000 | 9,197,000 | 9,635,400 | 9,421,500 | 9,419,900 | 9,220,300 | 8,547,100 | 8,413,200 | 8,503,900 |
| Receivables | US$ in thousands | 1,195,000 | 1,212,000 | 1,285,000 | 1,218,000 | 1,250,000 | 1,502,000 | 1,562,000 | 1,421,000 | 1,500,000 | 1,686,000 | 1,717,000 | 1,530,000 | 1,678,000 | 1,814,000 | 1,641,000 | 1,398,000 | 1,841,500 | 1,872,800 | 1,769,000 | 1,606,100 |
| Receivables turnover | 6.55 | 6.70 | 6.48 | 7.13 | 7.42 | 6.53 | 6.62 | 7.39 | 6.94 | 6.03 | 5.86 | 6.23 | 5.48 | 5.31 | 5.74 | 6.74 | 5.01 | 4.56 | 4.76 | 5.29 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,824,000K ÷ $1,195,000K
= 6.55
Newell Brands Inc's receivables turnover ratio has shown some fluctuations over the past eight quarters. The ratio, which measures how efficiently the company is collecting payments from its customers, ranged from a low of 6.64 in Q3 2022 to a high of 7.57 in Q4 2022.
The overall trend indicates that Newell Brands Inc is able to convert its accounts receivable into cash relatively quickly, with an average turnover of approximately 6.97 over the eight quarters. A higher turnover ratio generally indicates better liquidity and faster collection of receivables, suggesting that the company has strong credit policies and effective collection procedures in place.
However, the slight variations in the ratio over the quarters may warrant further investigation into any potential changes in customer payment behavior or shifts in sales volume that could be impacting the company's receivables turnover efficiency.
Peer comparison
Dec 31, 2023