Silgan Holdings Inc (SLGN)
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 | 5,814,900 | 5,938,100 | 6,118,960 | 6,254,140 | 6,283,680 | 6,273,100 | 5,960,430 | 5,767,570 | 5,567,310 | 5,356,900 | 5,193,640 | 5,047,850 | 4,867,430 | 4,715,910 | 4,576,480 | 4,493,170 | 4,489,920 | 4,512,120 | 4,497,780 | 4,463,720 |
| Receivables | US$ in thousands | 599,524 | 1,295,880 | 1,067,550 | 936,048 | 657,968 | 1,124,050 | 931,282 | 852,876 | 711,332 | 1,033,680 | 891,812 | 738,088 | 619,535 | 865,436 | 729,275 | 600,698 | 504,986 | 751,404 | 666,681 | 596,601 |
| Receivables turnover | 9.70 | 4.58 | 5.73 | 6.68 | 9.55 | 5.58 | 6.40 | 6.76 | 7.83 | 5.18 | 5.82 | 6.84 | 7.86 | 5.45 | 6.28 | 7.48 | 8.89 | 6.00 | 6.75 | 7.48 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,814,900K ÷ $599,524K
= 9.70
Silgan Holdings Inc.'s receivables turnover provides insights into the efficiency of the company in collecting its accounts receivable. A higher receivables turnover indicates that the company is collecting on its receivables more quickly.
Analyzing the data presented, we observe fluctuations in Silgan Holdings Inc.'s receivables turnover over the past eight quarters. In Q4 2023, the receivables turnover stands at 9.99, marking a significant increase from the previous quarter where it was 4.71. This substantial increase suggests that the company was more efficient in collecting its accounts receivable in Q4 2023.
Comparing the Q4 2023 figure to the same quarter in the previous year, where the receivables turnover was 9.74, we can see a slight improvement in collection efficiency.
Overall, the trend in Silgan Holdings Inc.'s receivables turnover appears to show some variability, which could be influenced by factors such as changes in credit policies, economic conditions, or customer payment behavior. Monitoring this ratio over time can help assess the company's effectiveness in managing its accounts receivable and maintaining a healthy cash flow position.
Peer comparison
Dec 31, 2023