Gibraltar Industries Inc (ROCK)
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 | 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 | 898,233 | 913,112 | 932,414 | 974,195 |
| Receivables | US$ in thousands | 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 | 147,515 | 196,334 | 180,701 | 167,201 |
| Receivables turnover | 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 | 6.09 | 4.65 | 5.16 | 5.83 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,377,736K ÷ $224,550K
= 6.14
Gibraltar Industries Inc.'s receivables turnover has shown some fluctuations over the past eight quarters. It ranged from a low of 5.04 in Q2 2022 to a high of 6.40 in Q4 2022.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. It shows how many times during the period the company is able to collect its average accounts receivable balance.
In Q4 2023, Gibraltar Industries Inc. had a receivables turnover ratio of 6.14, which indicates that the company collected its accounts receivable approximately 6.14 times during that quarter. This suggests that the company was more efficient in collecting payments from its customers in Q4 2023 compared to the previous quarter.
It is essential to monitor changes in receivables turnover over time to assess the company's effectiveness in managing its accounts receivable and potential liquidity issues. Overall, a higher and consistent receivables turnover ratio indicates good liquidity management and efficient credit policies.
Peer comparison
Dec 31, 2023