Rush Enterprises A Inc (RUSHA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 | 5,809,850 |
| Receivables | US$ in thousands | 282,986 | 250,427 | 166,189 | 196,508 | 200,646 |
| Receivables turnover | 28.00 | 28.36 | 30.85 | 24.10 | 28.96 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,925,020K ÷ $282,986K
= 28.00
The receivables turnover of Rush Enterprises A Inc has exhibited a fluctuating trend over the past five years. In 2023, the receivables turnover ratio decreased to 28.00, indicating that the company collected its accounts receivable approximately 28 times during the year. This decline from the previous year's ratio of 28.36 suggests a slight decrease in the efficiency of collecting receivables.
Compared to 2021, where the ratio was 30.85, the receivables turnover decreased further in 2023. This implies that the company took longer to collect its receivables in the most recent year. Despite the fluctuating trend, Rush Enterprises A Inc maintained a relatively consistent range for its receivables turnover ratio over the past five years.
Overall, while the receivables turnover ratio provides insights into the efficiency of Rush Enterprises A Inc in collecting outstanding receivables, the slight decline in 2023 compared to the previous years may warrant further investigation into the company's accounts receivable management practices.
Peer comparison
Dec 31, 2023