UFP Technologies Inc (UFPT)

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	504,413	461,841	416,527	405,191	397,074	386,813	383,088	384,042	358,074	323,180	277,782	228,683	206,351	195,161	187,703	179,327	179,009	184,116	190,075	198,959
Receivables	US$ in thousands	84,677	89,151	60,985	61,250	64,449	60,968	64,090	60,142	55,117	61,477	57,913	46,182	39,384	32,456	31,222	30,018	26,428	27,940	27,271	30,018
Receivables turnover		5.96	5.18	6.83	6.62	6.16	6.34	5.98	6.39	6.50	5.26	4.80	4.95	5.24	6.01	6.01	5.97	6.77	6.59	6.97	6.63

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $504,413K ÷ $84,677K
= 5.96

The receivables turnover for UFP Technologies Inc has fluctuated over the past few years. It ranged from a high of 6.97 in June 2020 to a low of 4.80 in June 2022. A higher receivables turnover ratio generally indicates that the company is collecting its accounts receivable more efficiently.

In the most recent period, the receivables turnover was 5.96 in December 2024. This indicates that the company collected its accounts receivable approximately 5.96 times during the year. A decreasing trend in the receivables turnover ratio may suggest that the company is taking longer to collect payments from its customers, which could potentially lead to cash flow issues.

Overall, monitoring the trend of the receivables turnover ratio can provide insights into the company's ability to efficiently collect payments from customers and manage its accounts receivable effectively.