Rockwell Automation Inc (ROK)
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 | 9,134,800 | 9,203,000 | 8,773,300 | 8,412,100 | 7,887,500 | 7,627,800 | 7,344,400 | 7,240,700 | 7,215,500 | 6,930,800 | 6,691,200 | 6,234,000 | 6,137,000 | 6,252,500 | 6,412,700 | 6,682,400 | 6,660,100 | 6,622,300 | 6,621,600 | 6,682,000 |
| Receivables | US$ in thousands | 1,934,900 | 2,167,400 | 2,245,000 | 2,045,600 | 1,839,400 | 1,736,700 | 1,702,200 | 1,572,500 | 1,487,400 | 1,424,500 | 1,431,100 | 1,458,700 | 1,379,000 | 1,249,100 | 1,202,100 | 1,301,100 | 1,298,100 | 1,178,700 | 1,222,600 | 1,244,400 |
| Receivables turnover | 4.72 | 4.25 | 3.91 | 4.11 | 4.29 | 4.39 | 4.31 | 4.60 | 4.85 | 4.87 | 4.68 | 4.27 | 4.45 | 5.01 | 5.33 | 5.14 | 5.13 | 5.62 | 5.42 | 5.37 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,134,800K ÷ $1,934,900K
= 4.72
To analyze Rockwell Automation Inc's receivables turnover, we will use the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
The receivables turnover indicates how efficiently a company collects cash from its customers. A higher turnover generally indicates more efficient collection.
Looking at the data provided, we observe that the receivables turnover has fluctuated over the past eight quarters. The turnover ratio ranged from 3.84 to 4.72.
In general, a receivables turnover of around 4.0 suggests that, on average, Rockwell Automation Inc collects its outstanding receivables about four times a year.
The variations in the turnover ratio could be due to changes in the company's credit policies, changes in customer payment behaviors, or changes in sales volume.
It's important to note that receivables turnover should be analyzed in conjunction with other performance indicators to get a complete picture of Rockwell Automation Inc's effectiveness in managing its receivables.
Peer comparison
Dec 31, 2023