Sensient Technologies Corporation (SXT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,370 | 1,430,740 | 1,422,220 | 1,367,390 | 1,317,440 |
| Receivables | US$ in thousands | 290,087 | 272,164 | 302,109 | 261,121 | 234,132 |
| Receivables turnover | 5.37 | 5.26 | 4.71 | 5.24 | 5.63 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,557,370K ÷ $290,087K
= 5.37
Sensient Technologies Corporation's receivables turnover has shown some fluctuations over the years. The turnover ratio decreased from 5.63 in December 31, 2020, to 4.71 in December 31, 2022, indicating a potential lengthening of the average collection period for receivables. However, there was a subsequent improvement as the ratio increased to 5.37 by December 31, 2024. Overall, the company seems to be effectively managing its accounts receivables, with the turnover staying within a moderate range. It's essential for Sensient Technologies to monitor this ratio closely to ensure efficient collection of outstanding receivables and maintain healthy cash flow.
Peer comparison
Dec 31, 2024