Simpson Manufacturing Company Inc (SSD)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,231,253 | 2,210,675 | 2,203,597 | 2,204,118 | 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 |
| Receivables | US$ in thousands | 284,392 | 360,350 | 377,584 | 343,414 | 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 |
| Receivables turnover | 7.85 | 6.13 | 5.84 | 6.42 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,231,253K ÷ $284,392K
= 7.85
Simpson Manufacturing Company Inc's receivables turnover ratio has been fluctuating over the past few years. The ratio indicates how efficiently the company is able to collect on its accounts receivable during a given period.
From March 31, 2020, to December 31, 2020, the receivables turnover ratio improved from 6.92 to 7.66, indicating a more efficient collection of receivables. However, in the following periods up to June 30, 2022, the ratio fluctuated between 5.08 and 5.85, suggesting some variability in the company's receivables management.
From September 30, 2022, to December 31, 2024, there was a general upward trend in the ratio, reaching a peak of 7.85 by December 31, 2024. This could imply that the company's collection process was more efficient during these periods.
Overall, while there have been fluctuations in Simpson Manufacturing Company Inc's receivables turnover ratio, the general trend has shown improvement, indicating enhanced efficiency in collecting receivables over the years.
Peer comparison
Dec 31, 2024