Sealed Air Corporation (SEE)
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 | 5,488,900 | 5,517,300 | 5,535,900 | 5,573,100 | 5,641,900 | 5,767,500 | 5,773,800 | 5,684,300 | 5,533,800 | 5,343,200 | 5,173,700 | 4,996,400 | 4,903,200 | 4,861,200 | 4,842,500 | 4,852,300 | 4,791,100 | 4,752,500 | 4,720,200 | 4,714,400 |
| Receivables | US$ in thousands | 581,700 | 612,600 | 598,400 | 608,500 | 736,900 | 753,900 | 732,800 | 775,400 | 732,800 | 766,700 | 744,500 | 690,200 | 681,700 | 663,800 | 600,400 | 581,700 | 669,600 | 571,700 | 630,300 | 593,400 |
| Receivables turnover | 9.44 | 9.01 | 9.25 | 9.16 | 7.66 | 7.65 | 7.88 | 7.33 | 7.55 | 6.97 | 6.95 | 7.24 | 7.19 | 7.32 | 8.07 | 8.34 | 7.16 | 8.31 | 7.49 | 7.94 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,488,900K ÷ $581,700K
= 9.44
Sealed Air Corp.'s receivables turnover ratio has shown a consistent upward trend over the past eight quarters. The ratio increased from 7.33 in Q1 2022 to 9.44 in Q4 2023. This indicates that the company collected its accounts receivable more efficiently in Q4 2023 compared to previous quarters. A higher receivables turnover ratio reflects that the company is more effective in converting its credit sales into cash. Overall, the increasing trend in receivables turnover suggests that Sealed Air Corp. has been managing its accounts receivable effectively, leading to improved liquidity and potentially lower credit risk.
Peer comparison
Dec 31, 2023