Owens Corning Inc (OC)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,886,000 | 10,361,000 | 9,794,000 | 9,568,000 | 9,599,000 | 9,515,000 | 9,565,000 | 9,603,000 | 9,618,000 | 9,473,000 | 9,157,000 | 8,795,000 | 8,364,000 | 8,166,000 | 7,857,000 | 7,243,000 | 6,929,000 | 6,822,000 | 6,801,000 | 7,094,000 |
| Receivables | US$ in thousands | 1,244,000 | 1,577,000 | 1,680,000 | 1,410,000 | 987,000 | 1,300,000 | 1,413,000 | 1,388,000 | 961,000 | 1,304,000 | 1,358,000 | 1,395,000 | 939,000 | 1,141,000 | 1,226,000 | 1,167,000 | 919,000 | 1,016,000 | 986,000 | 931,000 |
| Receivables turnover | 8.75 | 6.57 | 5.83 | 6.79 | 9.73 | 7.32 | 6.77 | 6.92 | 10.01 | 7.26 | 6.74 | 6.30 | 8.91 | 7.16 | 6.41 | 6.21 | 7.54 | 6.71 | 6.90 | 7.62 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,886,000K ÷ $1,244,000K
= 8.75
Owens Corning Inc's receivables turnover has fluctuated over the past few years, as evidenced by the data provided. The company's receivables turnover ratio ranged from a low of 5.83 times in June 30, 2024, to a high of 10.01 times in December 31, 2022. A higher receivables turnover ratio typically indicates that the company is efficiently collecting its outstanding receivables from customers.
Overall, Owens Corning Inc's receivables turnover has shown variability, with some quarters performing better than others. It is important to monitor the trend of the receivables turnover ratio over time to assess the company's effectiveness in managing its accounts receivable and liquidity position. Further analysis and comparison with industry benchmarks would provide more insights into the company's performance in this area.