Gibraltar Industries Inc (ROCK)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,308,764 | 1,335,518 | 1,365,066 | 1,376,975 | 1,377,736 | 1,362,786 | 1,363,333 | 1,365,368 | 1,389,966 | 1,410,554 | 1,388,616 | 1,370,056 | 1,339,783 | 1,270,535 | 1,197,974 | 1,104,769 | 1,032,578 | 993,411 | 957,403 | 926,474 |
| Receivables | US$ in thousands | 169,350 | 206,842 | 259,358 | 230,971 | 224,550 | 256,400 | 266,487 | 230,132 | 217,156 | 275,704 | 275,596 | 245,807 | 236,444 | 260,624 | 225,315 | 199,598 | 197,990 | 203,488 | 193,609 | 172,452 |
| Receivables turnover | 7.73 | 6.46 | 5.26 | 5.96 | 6.14 | 5.32 | 5.12 | 5.93 | 6.40 | 5.12 | 5.04 | 5.57 | 5.67 | 4.87 | 5.32 | 5.53 | 5.22 | 4.88 | 4.95 | 5.37 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,308,764K ÷ $169,350K
= 7.73
The receivables turnover ratio for Gibraltar Industries Inc has shown variability over the past few years, ranging from a low of 4.87 in September 2021 to a high of 7.73 in December 2024. This ratio measures how efficiently the company is collecting its accounts receivable during a specific period.
A higher turnover ratio indicates that the company is collecting its receivables more quickly, which is favorable as it implies better liquidity and cash flow management. Conversely, a lower turnover ratio may signify potential issues with collections or credit policies.
Overall, based on the data provided, it appears that Gibraltar Industries Inc has demonstrated relatively consistent performance in managing its receivables turnover, with some fluctuations observed over the years. Further analysis and comparison with industry benchmarks would be necessary to fully assess the effectiveness of the company's receivables management strategy.
Peer comparison
Dec 31, 2024