Republic Services Inc (RSG)
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 | 17,278,600 | 16,950,800 | 16,689,900 | 16,324,100 | 15,643,000 | 15,044,700 | 14,352,700 | 13,730,800 | 13,321,800 | 12,896,000 | 12,488,000 | 12,067,100 | 12,031,500 | 12,033,800 | 12,116,200 | 12,304,300 | 12,193,100 | 12,139,500 | 12,041,100 | 11,939,300 |
| Receivables | US$ in thousands | 1,831,600 | 1,883,600 | 1,794,500 | 1,735,900 | 1,737,000 | 1,759,900 | 1,683,400 | 1,352,800 | 1,303,600 | 1,303,700 | 1,196,600 | 1,142,300 | 1,123,500 | 1,136,200 | 1,088,800 | 1,156,400 | 1,214,000 | 1,201,900 | 1,168,500 | 1,099,400 |
| Receivables turnover | 9.43 | 9.00 | 9.30 | 9.40 | 9.01 | 8.55 | 8.53 | 10.15 | 10.22 | 9.89 | 10.44 | 10.56 | 10.71 | 10.59 | 11.13 | 10.64 | 10.04 | 10.10 | 10.30 | 10.86 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,278,600K ÷ $1,831,600K
= 9.43
The receivables turnover ratio measures how quickly a company collects its accounts receivable during a specific period. A higher turnover ratio indicates a more efficient collection process.
Analyzing Republic Services, Inc.'s receivables turnover from Q1 2022 to Q4 2023, we observe fluctuations in the ratio. The data shows that the company's receivables turnover ranged from 6.80 to 7.69 times during this period.
In Q1 and Q2 of 2022, Republic Services, Inc. had a receivables turnover of 7.92 and 6.80 respectively, reflecting a decrease in collection efficiency in Q2. However, the ratio slightly improved in Q3 to 6.98 and further increased in Q4 to 6.81.
Moving into 2023, the trend continued with the receivables turnover gradually rising from 7.53 in Q1 to 7.69 in Q3 before declining slightly to 7.61 in Q3. Overall, the company showed consistent efforts in improving its efficiency in collecting accounts receivable.
These fluctuations in Republic Services, Inc.'s receivables turnover suggest that the company has been actively managing its receivables collection process. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023