Gibraltar Industries Inc (ROCK)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,308,760 | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 |
| Receivables | US$ in thousands | 169,350 | 224,550 | 217,156 | 236,444 | 197,990 |
| Receivables turnover | 7.73 | 6.14 | 6.40 | 5.67 | 5.22 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,308,760K ÷ $169,350K
= 7.73
The receivables turnover of Gibraltar Industries Inc has shown a consistent upward trend over the past five years. In December 2020, the receivables turnover was 5.22 times, indicating that the company collected its accounts receivable approximately 5.22 times during the year. This ratio improved to 5.67 in December 2021, showing a more efficient collection of receivables.
The trend continued in December 2022, with a receivables turnover of 6.40, suggesting that the company further enhanced its collection efficiency. In December 2023, the ratio slightly decreased to 6.14, but still remained at a relatively high level, indicating effective management of accounts receivable.
The most significant increase in receivables turnover was observed in December 2024, reaching 7.73, which signifies a notable improvement in the speed at which Gibraltar Industries Inc collects its outstanding receivables. Overall, the trend indicates that the company has been successful in managing its receivables efficiently and turning them into cash in a timely manner.
Peer comparison
Dec 31, 2024