Trimble Inc (TRMB)
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 | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Receivables | US$ in thousands | 706,600 | 641,400 | 664,100 | 578,800 | 676,900 | 566,100 | — | — | 664,300 | — | — | — | 620,500 | — | — | — | — | — | — | — |
| Receivables turnover | 5.41 | 5.59 | 5.34 | 6.27 | 5.44 | 6.73 | — | — | 5.51 | — | — | — | 5.08 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,821,600K ÷ $706,600K
= 5.41
The receivables turnover for Trimble Inc has shown some fluctuations over the past few periods. The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales during a specific period.
In the most recent period, as of December 31, 2023, Trimble Inc had a receivables turnover of 5.41. This means that on average, the company collected its accounts receivable 5.41 times during that period. A higher turnover ratio is generally preferred as it indicates that the company is able to efficiently collect on its credit sales.
Looking at the historical trend, the receivables turnover ratio has been relatively stable, with some variability. It was highest in September 2022 at 6.73 and lowest in March 2021 at 5.08. Overall, the company appears to manage its accounts receivable effectively, with the ratio staying within a reasonable range.
It is important for Trimble Inc to continue monitoring its receivables turnover ratio to ensure that it remains at a healthy level, indicating efficient collections and effective management of credit sales. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance in this area.
Peer comparison
Dec 31, 2023