PACCAR Inc (PCAR)

Receivables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	35,127,400	34,180,300	32,542,800	30,820,400	28,819,700	27,376,300	25,464,200	24,149,400	23,522,300	22,404,800	22,194,000	19,412,300	18,728,500	19,277,100	20,708,100	24,273,800	25,599,700	25,762,200	25,152,000	24,329,300
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $35,127,400K ÷ $—K
= —

The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher turnover ratio indicates that the company is more effective at collecting outstanding receivables.

Based on the data provided for Paccar Inc., we observe fluctuations in the receivables turnover ratio over the past eight quarters. The ratio ranged from 1.67 to 1.88 during this period.

In Q4 2023, Paccar Inc. had a receivables turnover ratio of 1.78, which decreased compared to the previous quarter's ratio of 1.84. This decline may indicate that the company took longer to collect payments from customers in the most recent quarter.

Despite this decrease in Q4 2023, the overall trend in the receivables turnover ratio for Paccar Inc. appears relatively stable, hovering around the 1.80 mark for the past two years. This consistency suggests that Paccar Inc. has been effectively managing its accounts receivable and collecting payments in a timely manner.

Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Paccar Inc.'s receivables management efficiency.