Sturm Ruger & Company Inc (RGR)
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 | 543,767 | 562,374 | 580,871 | 578,720 | 595,842 | 614,659 | 653,515 | 712,934 | 730,736 | 731,955 | 699,414 | 629,606 | 568,868 | 504,747 | 454,041 | 420,106 | 410,506 | 426,488 | 446,434 | 478,516 |
| Receivables | US$ in thousands | 59,864 | 59,899 | 53,066 | — | 65,449 | — | — | — | 57,036 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 9.08 | 9.39 | 10.95 | — | 9.10 | — | — | — | 12.81 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $543,767K ÷ $59,864K
= 9.08
The receivables turnover ratio measures how efficiently a company is able to collect payment from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly, which is generally a positive sign.
Looking at the data for Sturm, Ruger & Co., Inc., we can observe fluctuations in the receivables turnover ratio over the past eight quarters. The ratios range from a low of 8.87 in Q1 2023 to a high of 11.62 in Q2 2022. Overall, the company's receivables turnover ratio has shown some volatility but has generally remained above 8, indicating that the company is able to collect payments from its customers in a timely manner.
It is important to note that a very high receivables turnover ratio could also indicate a very high credit policy, which may lead to sales being lost to competitors. On the other hand, a very low turnover ratio could signify potential collection issues or inefficiencies in the company's credit and collection processes.
In conclusion, Sturm, Ruger & Co., Inc.'s receivables turnover ratios fluctuate but generally remain at a reasonable level, suggesting efficient collection practices. However, further analysis and comparison with industry benchmarks would provide more insights into the company's receivables management performance.
Peer comparison
Dec 31, 2023