Rush Enterprises A Inc (RUSHA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,804,750 | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 |
| Receivables | US$ in thousands | 363,434 | 282,986 | 250,427 | 166,189 | 196,508 |
| Receivables turnover | 21.48 | 28.00 | 28.36 | 30.85 | 24.10 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,804,750K ÷ $363,434K
= 21.48
The receivables turnover ratio for Rush Enterprises A Inc has shown variability over the past five years. Starting at 24.10 in December 31, 2020, it increased to 30.85 by December 31, 2021, indicating an improvement in the company's efficiency in collecting receivables. However, there was a slight dip in the ratio to 28.36 by December 31, 2022. This was followed by a further decrease to 28.00 by December 31, 2023, suggesting a potential slowdown in the collection of receivables.
The most notable decline occurred by December 31, 2024, with the ratio dropping to 21.48. This significant decrease may raise concerns about the company's ability to efficiently convert its accounts receivable into cash within a specific period. Further analysis and investigation into the reasons behind this declining trend in receivables turnover would be necessary to address any underlying issues and optimize cash flow management strategies.
Peer comparison
Dec 31, 2024