Patrick Industries Inc (PATK)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,715,680 | 3,468,040 | 4,881,870 | 4,078,090 | 2,486,600 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,715,680K ÷ $—K
= —
The data provided indicates that there is no information available for Patrick Industries Inc's receivables turnover for the years ending December 31, 2020 to December 31, 2024. Without this specific data, it is not possible to calculate or analyze the company's receivables turnover ratio during this period. Receivables turnover is a metric that helps assess how efficiently a company is collecting its accounts receivable. It is calculated by dividing net credit sales by the average accounts receivable balance. A higher receivables turnover ratio generally indicates that a company is effectively managing its receivables and converting them into cash quickly. However, without the necessary data, it is not possible to evaluate this aspect of Patrick Industries Inc's financial performance.
Peer comparison
Dec 31, 2024