Rush Enterprises A Inc (RUSHA)

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	7,925,020	7,778,500	7,662,050	7,450,240	7,101,670	6,530,530	5,932,760	5,457,540	5,126,150	5,082,550	4,994,600	4,681,090	4,735,940	4,785,440	5,206,130	5,748,180	5,809,840	6,032,580	5,809,460	5,613,730
Receivables	US$ in thousands	282,986	263,480	236,870	229,684	250,427	220,832	232,129	186,757	166,189	149,281	160,435	187,171	196,508	155,677	162,677	214,597	200,646	232,688	242,543	213,749
Receivables turnover		28.00	29.52	32.35	32.44	28.36	29.57	25.56	29.22	30.85	34.05	31.13	25.01	24.10	30.74	32.00	26.79	28.96	25.93	23.95	26.26

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,925,020K ÷ $282,986K
= 28.00

The receivables turnover for Rush Enterprises A Inc has exhibited fluctuating trends over the past few quarters. The receivables turnover ratio measures how efficiently a company collects its accounts receivable during a specific period. A higher ratio indicates that the company is collecting its outstanding receivables more quickly.

Looking at the data provided, we can see that the receivables turnover ratio has ranged from a low of 23.95 to a high of 34.05 over the past five quarters. The ratio has generally been above 25, indicating that Rush Enterprises A Inc has been managing its accounts receivable efficiently.

The highest receivables turnover ratio of 34.05 was recorded in the third quarter of 2021, suggesting that the company was exceptionally effective in collecting its receivables during that period. On the other hand, the lowest ratio of 23.95 was seen in the first quarter of 2019, indicating a relatively slower pace of collections during that time.

Overall, the trend in the receivables turnover ratio for Rush Enterprises A Inc shows some volatility but generally indicates a satisfactory level of efficiency in collecting accounts receivable. However, it is essential to assess this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of the company's overall financial health and performance.