Resideo Technologies Inc (REZI)
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 | 6,194,000 | 6,209,000 | 6,274,000 | 6,362,000 | 6,308,000 | 6,221,000 | 6,083,000 | 5,875,000 | 5,786,000 | 5,837,000 | 5,720,000 | 5,284,000 | 5,057,000 | 4,860,000 | 4,722,000 | 4,917,000 | 4,937,000 | 4,899,000 | 4,889,000 | |
| Receivables | US$ in thousands | 973,000 | 988,000 | 1,043,000 | 985,000 | 1,002,000 | — | — | — | 876,000 | — | — | — | 863,000 | 884,000 | 704,000 | 820,000 | 817,000 | 845,000 | 835,000 | 838,000 |
| Receivables turnover | 6.37 | 6.28 | 6.02 | 6.46 | 6.30 | — | — | — | 6.61 | — | — | — | 5.86 | 5.50 | 6.71 | 6.00 | 6.04 | 5.80 | 5.86 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,194,000K ÷ $973,000K
= 6.37
Resideo Technologies Inc's receivables turnover has shown consistency and efficiency in collecting receivables over the past eight quarters. The receivables turnover ratio has ranged from 5.72 in Q2 2022 to 6.51 in Q1 2023, indicating a relatively stable performance in this aspect. A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly.
Overall, Resideo Technologies Inc has maintained a healthy level of receivables turnover, averaging around 6.23 over the eight quarters analyzed. This consistent performance reflects effective credit management and collection policies, leading to timely collection of outstanding receivables. However, it is essential for the company to continue monitoring and managing its receivables effectively to ensure a steady cash flow and overall financial health.