Titan International Inc (TWI)

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	1,783,068	1,913,292	2,040,465	2,131,996	2,134,021	2,121,127	2,038,908	1,900,559	1,762,714	1,611,529	1,464,134	1,321,222	1,231,573	1,201,559	1,240,856	1,334,958	1,427,099	1,488,712	1,531,408	1,568,067
Receivables	US$ in thousands	234,400	238,595	280,688	325,968	305,362	282,145	299,070	309,411	278,425	261,447	265,729	249,904	202,593	192,764	192,410	211,982	196,992	221,228	272,006	295,333
Receivables turnover		7.61	8.02	7.27	6.54	6.99	7.52	6.82	6.14	6.33	6.16	5.51	5.29	6.08	6.23	6.45	6.30	7.24	6.73	5.63	5.31

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,783,068K ÷ $234,400K
= 7.61

The receivables turnover for Titan International, Inc. has shown a fluctuating trend over the quarters provided. The company's ability to convert its accounts receivable into cash has been relatively stable, with values ranging from 6.25 to 8.27.

In Q4 2023, the receivables turnover ratio increased to 8.27, indicating that the company collected its outstanding receivables 8.27 times during the quarter. This suggests that Titan International, Inc. was more efficient in collecting payments from its customers compared to previous quarters.

Although there were fluctuations in the receivables turnover ratio, the overall trend shows a general improvement in the company's ability to manage its accounts receivable effectively over the quarters analyzed. This indicates that Titan International, Inc. has been successful in managing its credit policies and collections process, potentially leading to improved cash flow and liquidity.