Reliance Steel & Aluminum Co (RS)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,805,900 | 15,095,900 | 15,714,200 | 16,509,200 | 17,025,000 | 17,403,100 | 17,003,300 | 15,740,800 | 14,093,300 | 12,238,900 | 10,477,000 | 9,078,600 | 8,811,900 | 9,146,800 | 9,742,300 | 10,597,400 | 10,974,000 | 11,271,800 | 11,580,900 | 11,710,000 |
| Receivables | US$ in thousands | 1,508,000 | 1,667,300 | 1,729,900 | 1,800,300 | 1,602,300 | 1,904,400 | 2,061,100 | 2,078,700 | 1,683,000 | 1,693,500 | 1,492,600 | 1,272,300 | 928,400 | 950,800 | 922,500 | 1,216,100 | 1,105,000 | 1,259,900 | 1,363,900 | 1,422,000 |
| Receivables turnover | 9.82 | 9.05 | 9.08 | 9.17 | 10.63 | 9.14 | 8.25 | 7.57 | 8.37 | 7.23 | 7.02 | 7.14 | 9.49 | 9.62 | 10.56 | 8.71 | 9.93 | 8.95 | 8.49 | 8.23 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,805,900K ÷ $1,508,000K
= 9.82
Reliance Steel & Aluminum Co.'s receivables turnover has been relatively stable over the past eight quarters, ranging from 7.57 to 10.63. The company's ability to collect receivables efficiently is reflected in the high turnover ratios, indicative of a shorter time taken to collect outstanding payments from customers. Although there was a slight decrease in Q3 2023 compared to Q4 2022, the ratio has generally remained above 9 over the period, demonstrating a consistent performance in managing its accounts receivable. This trend suggests that Reliance Steel & Aluminum Co. has a strong credit control policy and effective collection practices in place.
Peer comparison
Dec 31, 2023