Tennant Company (TNC)
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 | 1,286,700 | 1,269,200 | 1,258,100 | 1,248,800 | 1,243,600 | 1,223,200 | 1,181,400 | 1,139,900 | 1,092,200 | 1,077,600 | 1,086,700 | 1,085,600 | 1,090,800 | 1,087,400 | 1,077,300 | 1,012,200 | 1,001,000 | 1,022,800 | 1,041,600 | 1,127,300 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,286,700K ÷ $—K
= —
The receivables turnover ratio for Tennant Company is not provided in the data for the periods up to December 31, 2024. This ratio is usually calculated by dividing net credit sales by average accounts receivable during a specific period. Receivables turnover ratio indicates how efficiently a company is able to collect its outstanding credit sales from customers. It is a measure of how many times a company's receivables are collected and replaced over a certain period.
Without the specific figures for net credit sales and accounts receivable for Tennant Company, it is not possible to determine the exact receivables turnover ratio. This ratio is important as it reflects the effectiveness of the company's credit management and collection policies. A high receivables turnover ratio suggests that the company is efficient in collecting payments from customers, while a low ratio may indicate potential issues with credit policies or collection practices. Monitoring changes in the receivables turnover ratio over time can provide insights into the company's liquidity and overall financial health.
Peer comparison
Dec 31, 2024