Rollins Inc (ROL)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,388,710 | 3,069,670 | 2,693,180 | 2,423,470 | 2,161,220 |
| Receivables | US$ in thousands | 236,382 | 215,239 | 189,377 | 165,731 | 20,085 |
| Receivables turnover | 14.34 | 14.26 | 14.22 | 14.62 | 107.60 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,388,710K ÷ $236,382K
= 14.34
Rollins Inc's receivables turnover has shown a significant decrease from 107.60 on December 31, 2020, to around 14.22-14.34 for the following years, showcasing a notable shift in the company's ability to collect outstanding receivables efficiently. This decline suggests that Rollins Inc is taking longer to convert its accounts receivable into cash, indicating potential issues with credit policies, collection procedures, or customer payment behavior. Further analysis of working capital management practices and receivables aging may be warranted to address the declining trend in receivables turnover and improve the company's overall liquidity position.
Peer comparison
Dec 31, 2024