PACCAR Inc (PCAR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,127,400 | 28,819,700 | 23,522,300 | 18,728,500 | 25,599,700 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $35,127,400K ÷ $—K
= —
Paccar Inc.'s receivables turnover ratio has fluctuated over the past five years, ranging from 1.44 to 1.91. The higher the ratio, the better, as it indicates the company is collecting payments more efficiently from customers. In 2023, the receivables turnover decreased slightly to 1.78 from 1.83 in 2022. This suggests that the company took slightly longer to collect payments from its customers compared to the previous year. Despite the slight decrease, Paccar Inc. maintains a relatively stable turnover ratio, indicating effective management of accounts receivables. Investors and analysts may continue to monitor this ratio for any significant changes in the company's efficiency in collecting payments from customers.
Peer comparison
Dec 31, 2023