Stanley Black & Decker Inc (SWK)
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 | 15,781,100 | 16,031,400 | 16,197,100 | 16,431,200 | 16,947,400 | 16,942,500 | 16,602,600 | 16,008,500 | 15,281,300 | 15,302,100 | 15,010,500 | 14,017,900 | 13,057,700 | 12,769,200 | 12,914,200 | 13,869,200 | 14,442,200 | 14,362,700 | 14,362,700 | 14,362,700 |
| Receivables | US$ in thousands | 1,555,900 | 1,723,100 | 1,812,200 | — | 1,326,500 | — | — | — | 1,585,800 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 10.14 | 9.30 | 8.94 | — | 12.78 | — | — | — | 9.64 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,781,100K ÷ $1,555,900K
= 10.14
The receivables turnover ratio for Stanley Black & Decker Inc has shown fluctuation over the periods available for analysis. As of December 31, 2023, the receivables turnover was 10.14, indicating that the company collected its accounts receivable approximately 10.14 times during the year. This represents an improvement compared to the previous quarter where the turnover was 9.30. However, the ratio decreased from the turnover of 12.78 reported in the corresponding period of the prior year, suggesting a potential inefficiency in collecting receivables in the recent period.
It is essential for the company to monitor its receivables turnover consistently to ensure timely collection of outstanding payments from customers. A higher turnover ratio generally signifies that the company is efficient in collecting receivables, whereas a declining trend may raise concerns regarding liquidity and credit management. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's receivables management performance.
Peer comparison
Dec 31, 2023