Travel + Leisure Co (TNL)
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 | 3,750,000 | 3,713,000 | 3,664,000 | 3,637,000 | 3,567,000 | 3,538,000 | 3,440,000 | 3,315,000 | 3,134,000 | 2,909,000 | 2,684,000 | 2,230,000 | 2,160,000 | 2,688,000 | 3,107,000 | 3,735,000 | 4,044,000 | 3,827,000 | 3,780,000 | 3,733,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,120,000 | 3,118,000 | 3,048,000 | 6,177,000 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.30 | 1.23 | 1.24 | 0.60 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,750,000K ÷ $—K
= —
The receivables turnover for Travel+Leisure Co has fluctuated over the past eight quarters. In Q4 2023, the receivables turnover was 11.90, indicating that the company collected its accounts receivable approximately 11.90 times during that quarter. This represents a decrease from the previous quarter, Q3 2023, when the turnover was 20.18.
Looking at the trend over the past year, we observe a general pattern of fluctuating receivables turnover ratios. The turnover ratio was highest in Q2 2023 at 22.90 and Q1 2023 at 23.17, suggesting that the company was able to collect its receivables more efficiently during those periods.
Comparing to the same quarter in the previous year, Q4 2022 had a lower turnover ratio of 15.64. However, there seems to be a general upward trend in receivables turnover ratios from Q2 2022 (24.23) to Q1 2023 (23.17).
A high receivables turnover ratio may indicate that the company is efficiently collecting payments from its customers, while a lower ratio may suggest potential issues with collections or extending lenient credit terms. It is important for Travel+Leisure Co to continue monitoring and managing its accounts receivable turnover to ensure healthy cash flow and efficient operations.
Peer comparison
Dec 31, 2023