Sterling Construction Company Inc (STRL)
Receivables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,106,345 | 2,115,756 | 2,102,901 | 2,069,507 | 2,009,010 | 1,972,229 | 1,934,858 | 1,931,453 | 1,919,696 | 1,926,437 | 1,879,165 | 1,785,672 | 1,676,770 | 1,581,766 | 1,527,659 | 1,447,668 | 1,446,040 | 1,427,412 | 1,426,728 | 1,334,969 |
| Receivables | US$ in thousands | 285,751 | 340,302 | 417,432 | 457,272 | 380,561 | 358,541 | 448,251 | 422,914 | 369,290 | 386,571 | 499,530 | 441,421 | 333,554 | 332,359 | 325,837 | 315,724 | 278,461 | 279,052 | 340,454 | 333,870 |
| Receivables turnover | 7.37 | 6.22 | 5.04 | 4.53 | 5.28 | 5.50 | 4.32 | 4.57 | 5.20 | 4.98 | 3.76 | 4.05 | 5.03 | 4.76 | 4.69 | 4.59 | 5.19 | 5.12 | 4.19 | 4.00 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,106,345K ÷ $285,751K
= 7.37
The receivables turnover ratio for Sterling Construction Company Inc exhibits notable fluctuations over the analyzed period from June 2020 through March 2025. Initially, the ratio was at 4.00 as of June 30, 2020, indicating that receivables were collected approximately four times annually. This ratio showed a steady upward trend through late 2020 and 2021, reaching a peak of 5.19 on March 31, 2021, and maintaining relative strength with values above 4.5 during 2021.
The ratio experienced a decline during the latter part of 2021 and the first half of 2022; for instance, it dipped to 4.05 in June 2022 and further to 3.76 by September 2022, which suggests a slowdown in the collection efficiency or a change in credit policies. Subsequently, the ratio recovered somewhat, reaching 4.98 by December 2022 and continuing an upward trajectory into 2023, with a peak of 7.37 on March 31, 2025. This significant increase indicates an improvement in receivables collection efficiency in the most recent period analyzed.
Overall, the trend reflects periods of both strengthening and weakening in receivables management. The higher ratios toward the end of the period, especially the exceptional value of 7.37 in March 2025, suggest an enhanced effectiveness in collecting receivables or potentially a change in credit terms that favor quicker recoveries. Conversely, earlier fluctuations, notably the dip in 2022, point to variability in collection performance or strategic shifts affecting receivables turnover.
Peer comparison
Mar 31, 2025