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

Company name
Symbol
Receivables turnover
Republic Services Inc
RSG
9.43
Waste Management Inc
WM
6.92