Oshkosh Corporation (OSK)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,608,800 | 8,231,100 | 7,695,300 | 6,803,800 | 8,333,600 |
| Receivables | US$ in thousands | 1,316,400 | 1,162,000 | 1,017,300 | 857,600 | 1,082,300 |
| Receivables turnover | 7.30 | 7.08 | 7.56 | 7.93 | 7.70 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,608,800K ÷ $1,316,400K
= 7.30
The receivables turnover ratio for Oshkosh Corp has shown a slight decline over the past five years. The ratio decreased from 5.14 in September 2019 to 4.53 in December 2023, indicating a decrease in the company's efficiency in collecting its accounts receivable. The lower receivables turnover ratio may suggest that Oshkosh Corp is taking longer to collect payments from its customers, which could potentially impact the company's cash flow and working capital management. It would be important for Oshkosh Corp to further investigate the reasons behind this trend and consider implementing strategies to improve its accounts receivable collection process in order to enhance its overall financial performance.
Peer comparison
Dec 31, 2023