Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,705,000 | 3,657,000 | 3,719,000 | 3,707,000 | 3,716,000 | 3,761,000 | 3,709,000 | |||
| Receivables | US$ in thousands | 428,000 | 423,000 | 440,000 | 441,000 | 450,000 | 482,000 | 469,000 | 483,000 | 402,000 | 422,000 |
| Receivables turnover | 8.66 | 8.65 | 8.45 | 8.41 | 8.26 | 7.80 | 7.91 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,705,000K ÷ $428,000K
= 8.66
The receivables turnover of Sylvamo Corp has been relatively stable over the past five quarters, with an average ratio of 8.31. This ratio indicates that the company collects its accounts receivable approximately 8.31 times per year, suggesting a healthy efficiency in collecting outstanding payments from its customers. The slight upward trend in receivables turnover from Q4 2022 to Q4 2023 demonstrates that Sylvamo Corp has been improving its collection process over time. Overall, the consistent and relatively high receivables turnover ratio suggests that Sylvamo Corp effectively manages its credit sales and maintains a strong cash flow position.
Peer comparison
Dec 31, 2023