Pentair PLC (PNR)
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 | 3,987,100 | 4,062,100 | 4,108,400 | 4,090,100 | 4,061,100 | 4,097,400 | 4,011,500 | 3,888,400 | 3,754,700 | 3,572,200 | 3,401,500 | 3,173,700 | 3,017,800 | 2,977,000 | 2,892,100 | 2,978,300 | 2,957,200 | 2,942,500 | 2,940,300 | 2,921,400 |
| Receivables | US$ in thousands | -11,200 | -10,700 | -10,900 | -11,400 | -10,800 | -10,300 | -12,300 | -12,000 | -9,100 | -9,800 | -9,300 | -8,000 | -8,400 | -8,700 | -8,800 | -8,600 | -10,300 | -13,400 | -13,700 | -14,700 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,987,100K ÷ $-11,200K
= —
The receivables turnover ratio for Pentair plc has shown fluctuations over the past eight quarters. The ratio, which measures how efficiently the company is collecting payments from its customers, ranged from a low of 5.38 in Q1 2023 to a high of 7.50 in Q2 2022.
Overall, Pentair plc has maintained relatively healthy receivables turnover ratios, indicating that the company is proficient in converting its accounts receivable into cash. However, the decline in Q1 2023 compared to previous periods may suggest a potential slowdown in the collection of payments from customers during that quarter.
It is essential for Pentair plc to continuously monitor and manage its accounts receivable to ensure that cash flows are optimized and that outstanding payments are collected in a timely manner. By analyzing trends in receivables turnover ratios, the company can identify areas for improvement in its credit policies and collection processes to enhance its overall financial performance.
Peer comparison
Dec 31, 2023