Owens Corning Inc (OC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Receivables | US$ in thousands | 1,244,000 | 987,000 | 961,000 | 939,000 | 919,000 |
| Receivables turnover | 8.75 | 9.73 | 10.01 | 8.91 | 7.54 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,886,000K ÷ $1,244,000K
= 8.75
Owens Corning Inc's receivables turnover has shown a positive trend over the past five years. In 2020, the receivables turnover was 7.54, indicating that the company collected its outstanding receivables approximately 7.54 times during the year. This ratio increased to 8.91 in 2021, suggesting an improvement in the efficiency of the company's accounts receivable management.
By 2022, the receivables turnover further increased to 10.01, reflecting an even faster collection of receivables compared to the previous year. However, there was a slight decrease in 2023, with the ratio dropping to 9.73. Nonetheless, the receivables turnover remained relatively high, indicating that Owens Corning Inc continued to efficiently collect its receivables.
In 2024, the receivables turnover decreased to 8.75, showing a slight decline compared to the previous year. Despite this dip, the company's receivables turnover ratio remains robust, suggesting that Owens Corning Inc has been effective in managing its accounts receivable and converting them into cash.
Overall, the increasing trend in Owens Corning Inc's receivables turnover over the past five years indicates an improvement in the company's efficiency in collecting outstanding receivables, which is a positive indicator of the company's liquidity and financial health.