Standard Motor Products Inc (SMP)

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	2,701,423	2,718,401	2,708,286	2,722,422	2,715,865	2,739,824	2,720,702	2,687,356	2,595,396	2,259,260	2,206,048	2,017,497	1,972,331	1,930,845	1,858,027	1,971,543	2,030,255	2,035,973	2,014,034	1,977,475
Receivables	US$ in thousands	160,282	208,053	218,105	210,801	167,638	230,442	229,657	225,303	180,604	224,421	211,778	174,104	198,039	238,045	184,518	165,685	135,516	168,968	179,386	174,164
Receivables turnover		16.85	13.07	12.42	12.91	16.20	11.89	11.85	11.93	14.37	10.07	10.42	11.59	9.96	8.11	10.07	11.90	14.98	12.05	11.23	11.35

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,701,423K ÷ $160,282K
= 16.85

Standard Motor Products, Inc. has shown fluctuations in its receivables turnover ratio over the past eight quarters. The company's receivables turnover ratio varied between 5.93 and 8.47, indicating the number of times the company converts its accounts receivable into cash during a specific period. Higher ratios suggest better efficiency in collecting outstanding payments from customers.

In Q4 2023, the receivables turnover ratio was 8.47, the highest among the eight quarters analyzed. This suggests that the company was able to collect outstanding payments from customers more efficiently in this quarter. Conversely, in Q3 2022, the receivables turnover ratio was 5.93, the lowest among the quarters, indicating less efficient collections during that period.

Overall, Standard Motor Products, Inc. has shown a mix of strong and weaker performance in terms of its receivables turnover ratio. It would be important to further investigate the reasons behind these fluctuations to understand the company's effectiveness in managing its accounts receivables and cash flow.