Union Pacific Corporation (UNP)
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 | 23,193,000 | 23,381,000 | 24,038,000 | 24,298,000 | 23,955,000 | 22,534,000 | 21,746,000 | 21,297,000 | 20,745,000 | 21,212,000 | 20,565,000 | 19,305,000 | 19,533,000 | 19,604,000 | 20,201,000 | 21,553,000 | 21,708,000 | 22,253,000 | 22,665,000 | 22,741,000 |
| Receivables | US$ in thousands | 2,073,000 | 1,934,000 | 1,826,000 | 1,955,000 | 1,891,000 | 2,052,000 | 2,052,000 | 1,958,000 | 1,722,000 | 1,679,000 | 1,666,000 | 1,610,000 | 1,505,000 | 1,565,000 | 1,388,000 | 1,669,000 | 1,595,000 | 1,650,000 | 1,809,000 | 1,672,000 |
| Receivables turnover | 11.19 | 12.09 | 13.16 | 12.43 | 12.67 | 10.98 | 10.60 | 10.88 | 12.05 | 12.63 | 12.34 | 11.99 | 12.98 | 12.53 | 14.55 | 12.91 | 13.61 | 13.49 | 12.53 | 13.60 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,193,000K ÷ $2,073,000K
= 11.19
The receivables turnover ratio for Union Pacific Corp. has shown a consistent pattern over the past 8 quarters. The ratio fluctuated between 11.42 and 13.56 times during this period.
Overall, the company's ability to collect outstanding receivables appears to be relatively stable, as indicated by the generally high turnover ratios. A higher turnover ratio suggests that Union Pacific is efficient in converting its accounts receivable into cash, which can be a positive sign of strong cash flow management and a lower risk of bad debts.
It is worth mentioning that a decreasing trend in the receivables turnover ratio could point to potential issues related to the company's credit policies, customer payment behaviors, or sales practices. Conversely, a consistently high and stable turnover ratio reflects effective credit management practices and efficient collection processes within the organization.
In conclusion, focusing on maintaining a healthy and consistent receivables turnover ratio is essential for Union Pacific Corp. to sustain its financial health and operational efficiency.
Peer comparison
Dec 31, 2023
See also:
Union Pacific Corporation Receivables Turnover (Quarterly Data)