Reliance Steel & Aluminum Co (RS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,835,000 | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,835,000K ÷ $—K
= —
The information provided indicates that the receivables turnover for Reliance Steel & Aluminum Co is not available for the years 2020, 2021, 2022, 2023, and 2024.
Receivables turnover is a key financial ratio that measures how efficiently a company is collecting payments from its customers. Without the specific values for the receivables turnover, it is challenging to assess the company's ability to collect on its accounts receivable in a timely manner.
Analyzing the receivables turnover over multiple periods would have provided insights into the effectiveness of the company's credit and collection policies, as well as its overall financial health. A declining turnover ratio may indicate potential issues with collecting payments, while an increasing ratio could signal improvements in receivables management.
Without the actual data, it is not possible to further comment on Reliance Steel & Aluminum Co's receivables turnover performance and its implications for the company's operations and financial stability.