Tetra Tech Inc (TTEK)
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 | 5,179,210 | 5,065,350 | 4,915,110 | 4,831,610 | 4,507,686 | 4,149,638 | 3,845,789 | 3,540,303 | 3,504,047 | 3,493,497 | 3,402,183 | 3,301,410 | 3,205,014 | 3,067,366 | 2,979,729 | 2,958,931 | 2,992,562 | 3,079,700 | 3,194,213 | 3,185,661 |
| Receivables | US$ in thousands | 1,073,430 | 1,053,760 | 1,037,880 | 1,040,510 | 984,158 | 1,002,090 | — | — | 755,112 | — | — | — | 683,258 | 685,174 | 656,302 | 688,813 | 668,544 | 643,745 | 681,191 | 745,611 |
| Receivables turnover | 4.82 | 4.81 | 4.74 | 4.64 | 4.58 | 4.14 | — | — | 4.64 | — | — | — | 4.69 | 4.48 | 4.54 | 4.30 | 4.48 | 4.78 | 4.69 | 4.27 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,179,210K ÷ $1,073,430K
= 4.82
The receivables turnover ratio of Tetra Tech Inc has shown a generally stable trend over the past few quarters, ranging between 4.14 to 4.82. This ratio measures how efficiently the company is able to collect its accounts receivable during a given period. A higher turnover ratio indicates that the company is able to collect its receivables more quickly.
The consistent range of 4.14 to 4.82 suggests that Tetra Tech Inc has been effective in converting its credit sales into cash. However, it is worth noting that the ratio for March 31, 2023, is not available. It is important to investigate the reasons behind any significant fluctuations in the turnover ratio to assess the overall effectiveness of the company in managing its accounts receivable.
Overall, the stable range of the receivables turnover ratio indicates that Tetra Tech Inc has been efficient in collecting its accounts receivable, which is a positive sign for the company's cash flow and liquidity position.
Peer comparison
Sep 30, 2024