Sylvamo Corp (SLVM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 3,687,000 | 3,559,000 | 3,504,000 |
| Receivables | US$ in thousands | 428,000 | 450,000 | 402,000 |
| Receivables turnover | 8.61 | 7.91 | 8.72 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,687,000K ÷ $428,000K
= 8.61
Sylvamo Corp's receivables turnover has shown a consistent upward trend over the past four years, increasing from 4.85 in 2020 to 8.69 in 2023. This indicates that the company is collecting its accounts receivable more frequently and efficiently. A higher receivables turnover ratio typically suggests that Sylvamo Corp is managing its accounts receivable effectively, collecting payments from customers in a timely manner. This improvement in receivables turnover could be a positive sign of the company's strong credit policies and effective collection efforts. It is essential to continue monitoring this trend to ensure sustainable cash flow and overall financial health.
Peer comparison
Dec 31, 2023