SPX Corp (SPXC)
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 | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Receivables | US$ in thousands | 279,800 | 304,700 | 281,500 | — | 263,500 | — | — | — | 232,100 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 6.12 | 5.53 | 5.75 | — | 5.54 | — | — | — | 5.25 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,711,900K ÷ $279,800K
= 6.12
The receivables turnover ratio for SPX Corp has shown fluctuation over the periods provided. In the latest available data, as of December 31, 2023, the receivables turnover ratio was 6.12. This indicates that on average, SPX Corp collected its accounts receivable approximately 6.12 times during the year.
Comparing this to the prior periods, we observe a general trend of variability in the receivables turnover ratio. While there was a slight increase from the previous period (September 30, 2023), the ratio remained relatively stable around the range of 5.25 to 6.12 over the past few reported periods.
This analysis suggests that SPX Corp has been efficient in collecting its accounts receivable, with a higher turnover ratio generally being favorable as it indicates that the company is collecting payments from its customers in a timely manner. However, it would be valuable to monitor the trend over more periods to assess the sustainability of this collection efficiency.
Peer comparison
Dec 31, 2023