Simpson Manufacturing Company Inc (SSD)
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 | 2,207,715 | 2,177,144 | 2,150,806 | 2,146,344 | 2,106,837 | 2,054,135 | 1,897,115 | 1,714,148 | 1,566,618 | 1,445,325 | 1,412,952 | 1,328,784 | 1,265,192 | 1,242,584 | 1,188,145 | 1,167,566 | 1,142,046 | 1,123,770 | 1,098,420 | 1,100,807 |
| Receivables | US$ in thousands | 283,975 | 351,164 | 387,917 | 339,674 | 269,124 | 334,449 | 375,130 | 320,428 | 231,021 | 236,535 | 249,931 | 227,201 | 165,128 | 226,447 | 233,867 | 168,736 | 139,364 | 180,898 | 191,282 | 173,140 |
| Receivables turnover | 7.77 | 6.20 | 5.54 | 6.32 | 7.83 | 6.14 | 5.06 | 5.35 | 6.78 | 6.11 | 5.65 | 5.85 | 7.66 | 5.49 | 5.08 | 6.92 | 8.19 | 6.21 | 5.74 | 6.36 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,207,715K ÷ $283,975K
= 7.77
Simpson Manufacturing Co., Inc.'s receivables turnover ratio has displayed fluctuations over the recent quarters. The receivables turnover ratio measures how efficiently the company is collecting cash from its credit sales.
In Q4 2023, the receivables turnover ratio was 7.80, reflecting an improvement from the previous quarter. This indicates that the company collected its accounts receivables approximately 7.80 times during the quarter, which suggests a more efficient collections process.
Comparing to the same quarter in the previous year (Q4 2022), the receivables turnover ratio was slightly lower at 7.86. This may indicate a small decline in the efficiency of collecting receivables year-over-year.
Overall, the company's receivables turnover has generally been healthy, with some fluctuations observed. It is important for the company to continue monitoring and managing its accounts receivables effectively to ensure timely collections and maintain a healthy cash flow.
Peer comparison
Dec 31, 2023