Sherwin-Williams Co (SHW)
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 | 22,557,900 | 22,588,100 | 22,534,900 | 22,159,400 | 21,735,200 | 21,387,100 | 20,505,700 | 20,027,700 | 19,578,700 | 19,305,400 | 19,277,600 | 18,501,700 | 18,080,200 | 17,705,800 | 17,534,900 | 17,893,700 | 17,900,800 | 17,850,600 | 17,714,400 | 17,610,400 |
| Receivables | US$ in thousands | 2,467,900 | 2,940,900 | 3,117,800 | 2,909,200 | 2,563,600 | 2,897,600 | 2,982,500 | 2,783,600 | 2,352,400 | 2,598,000 | 2,590,600 | 2,414,100 | 2,078,100 | 2,454,500 | 2,472,500 | 2,291,500 | 2,088,900 | 2,479,040 | 2,659,050 | 2,339,550 |
| Receivables turnover | 9.14 | 7.68 | 7.23 | 7.62 | 8.48 | 7.38 | 6.88 | 7.19 | 8.32 | 7.43 | 7.44 | 7.66 | 8.70 | 7.21 | 7.09 | 7.81 | 8.57 | 7.20 | 6.66 | 7.53 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $22,557,900K ÷ $2,467,900K
= 9.14
The receivables turnover ratio for Sherwin-Williams Co. has shown fluctuations over the past eight quarters. The ratio was highest in Q4 2023 at 9.34, indicating that the company collected its accounts receivable approximately 9.34 times during that quarter. This suggests that Sherwin-Williams Co. was more efficient in collecting payments from customers in Q4 2023 compared to previous quarters.
However, the ratio has varied between 6.97 and 9.34 over the period, with the lowest turnover occurring in Q2 2022. Overall, the trend indicates that the company has been relatively effective in managing its accounts receivable, with fluctuations possibly driven by seasonal factors or changes in credit policies. Further analysis and comparison with industry averages may provide more insights into Sherwin-Williams Co.'s receivables management efficiency.
Peer comparison
Dec 31, 2023