Sealed Air Corporation (SEE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 | 4,791,100 |
| Receivables | US$ in thousands | 581,700 | 736,900 | 732,800 | 681,700 | 669,600 |
| Receivables turnover | 9.44 | 7.66 | 7.55 | 7.19 | 7.16 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,488,900K ÷ $581,700K
= 9.44
The receivables turnover of Sealed Air Corp. has shown a positive trend over the past five years, indicating a consistent and efficient collection of accounts receivable. From 2019 to 2023, the receivables turnover ratio has increased from 7.16 to 9.44, reflecting an improvement in the company's ability to convert credit sales into cash. This increase suggests that Sealed Air Corp. has been successful in managing its accounts receivable effectively and collecting payments from customers in a timely manner. Overall, the rising trend in the receivables turnover ratio demonstrates the company's effectiveness in managing its credit policies and maintaining a healthy liquidity position.
Peer comparison
Dec 31, 2023