Rollins Inc (ROL)
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 | 3,380,983 | 3,310,092 | 3,228,702 | 3,152,747 | 3,069,673 | 2,969,441 | 2,863,419 | 2,760,623 | 2,693,185 | 2,599,388 | 2,520,954 | 2,445,989 | 2,391,431 | 2,360,474 | 2,293,748 | 2,208,873 | 2,161,220 | 2,130,913 | 2,103,681 | 2,074,309 |
| Receivables | US$ in thousands | 236,382 | 265,741 | 245,142 | 212,971 | 215,239 | 236,644 | 214,062 | 189,025 | 189,377 | 202,527 | 192,577 | 164,252 | 165,731 | 180,160 | 18,204 | 19,101 | 20,085 | 19,109 | 19,466 | 14,914 |
| Receivables turnover | 14.30 | 12.46 | 13.17 | 14.80 | 14.26 | 12.55 | 13.38 | 14.60 | 14.22 | 12.83 | 13.09 | 14.89 | 14.43 | 13.10 | 126.00 | 115.64 | 107.60 | 111.51 | 108.07 | 139.08 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,380,983K ÷ $236,382K
= 14.30
The receivables turnover ratio of Rollins Inc has shown fluctuations over the past few years. The ratio decreased from 139.08 in March 2020 to 108.07 in June 2020, indicating a decrease in the efficiency of collecting receivables during that period. However, the ratio increased in the subsequent quarters, reaching a peak of 126.00 in June 2021, which suggests improvement in collecting receivables.
There was a significant drop in the receivables turnover ratio in the third quarter of 2021 to 13.10, which may raise concerns about the company's ability to collect outstanding receivables efficiently during that period. This trend continued in the following quarters, with the ratio remaining low around 13 to 14 range.
Overall, the receivables turnover ratio of Rollins Inc has exhibited some volatility, indicating potential challenges in managing accounts receivable efficiently. Further analysis and monitoring of this ratio are recommended to assess the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2024