Rockwell Automation Inc (ROK)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,183,200 | 8,700,500 | 8,933,800 | 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 |
| Receivables | US$ in thousands | 1,802,000 | 1,875,100 | 1,960,200 | 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 |
| Receivables turnover | 4.54 | 4.64 | 4.56 | 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,183,200K ÷ $1,802,000K
= 4.54
The receivables turnover ratio for Rockwell Automation Inc has shown fluctuation over the past several quarters. The ratio indicates the number of times the company collects its accounts receivable during a specific period. A higher turnover ratio generally suggests more efficient management of receivables.
Looking at the trend, from December 2019 to September 2020, the receivables turnover ratio showed an increasing trend from 4.45 to 5.33, indicating an improvement in the company's efficiency in collecting receivables. However, from September 2020 to June 2021, there was a slight decline in the ratio to 4.68, possibly indicating a slower collection of receivables during this period.
Subsequently, from June 2021 to September 2022, the ratio increased again to 4.60, suggesting improved efficiency in receivables management. However, in the following quarters up to September 2023, there was some fluctuation in the ratio, ranging from 4.25 to 4.39, potentially signaling some challenges in maintaining a consistent collection efficiency.
The most recent data for September 2024 shows a receivables turnover ratio of 4.54, indicating a moderate collection efficiency in the company's accounts receivable. Overall, it is important for Rockwell Automation Inc to closely monitor and manage its receivables turnover to ensure timely collection and maintain healthy liquidity levels.
Peer comparison
Sep 30, 2024