Regal Beloit Corporation (RRX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,732,000 | 5,128,000 | 3,737,000 | 2,864,300 | 3,230,400 |
| Receivables | US$ in thousands | 921,600 | 797,400 | 785,800 | 432,000 | 461,400 |
| Receivables turnover | 6.22 | 6.43 | 4.76 | 6.63 | 7.00 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,732,000K ÷ $921,600K
= 6.22
The receivables turnover ratio reflects how efficiently Regal Rexnord Corp is able to collect payments from its customers. The trend in the receivables turnover ratio over the past five years shows fluctuations but generally indicates consistent performance.
In 2023, Regal Rexnord Corp's receivables turnover ratio improved to 6.78, indicating that the company was able to collect payments from customers faster compared to the previous year. This suggests an improvement in the efficiency of the company's accounts receivable management.
Comparing the 2023 ratio to the ratios from earlier years, Regal Rexnord Corp's receivables turnover in 2023 was higher than the ratios in 2022 and 2020 but slightly lower than the ratios in 2021 and 2019. This indicates that the company's collection efficiency in 2023 was closer to the levels seen in 2021 and 2019.
Overall, the receivables turnover ratio for Regal Rexnord Corp has shown variation over the years, but the 2023 ratio of 6.78 suggests that the company's ability to collect payments from customers has improved, indicating effective management of accounts receivable for the year.
Peer comparison
Dec 31, 2023