Transdigm Group Incorporated (TDG)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,940,000 | 7,606,000 | 7,304,000 | 6,977,000 | 6,585,000 | 6,243,000 | 5,897,000 | 5,632,000 | 5,429,000 | 5,198,000 | 5,018,000 | 4,885,000 | 4,799,000 | 4,693,000 | 4,497,000 | 4,746,000 | 5,103,000 | 5,471,000 | 5,970,000 | 5,695,000 |
| Receivables | US$ in thousands | 1,381,000 | 1,300,000 | 1,201,000 | 1,145,000 | 1,230,000 | 1,159,000 | — | 860,000 | 967,000 | — | — | — | 791,000 | — | — | — | — | — | — | — |
| Receivables turnover | 5.75 | 5.85 | 6.08 | 6.09 | 5.35 | 5.39 | — | 6.55 | 5.61 | — | — | — | 6.07 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,940,000K ÷ $1,381,000K
= 5.75
The receivables turnover ratio for Transdigm Group Incorporated has exhibited fluctuation over the past several quarters. It stood at 5.75 as of September 30, 2024, showing a slight decline from the prior quarter's figure of 5.85. The ratio improved in the current quarter compared to the same period last year when it was 5.35.
Overall, the company's receivables turnover has generally been within a relatively consistent range, indicating that Transdigm is efficient in collecting its accounts receivable. A higher turnover ratio suggests that the company is collecting its receivables more quickly, which is a positive indicator of liquidity and operational efficiency.
However, the absence of data for some quarters limits the ability to conduct a comprehensive trend analysis. It would be beneficial to continue monitoring this ratio in future quarters to assess any potential changes in the company's receivables management efficiency.