United Rentals Inc (URI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Receivables | US$ in thousands | 2,357,000 | 2,230,000 | 2,004,000 | 1,677,000 | 1,315,000 |
| Receivables turnover | 6.51 | 6.43 | 5.81 | 5.79 | 6.49 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,345,000K ÷ $2,357,000K
= 6.51
The receivables turnover for United Rentals Inc has shown a relatively consistent trend over the period from December 31, 2020, to December 31, 2024. The ratio ranged from a low of 5.79 in December 31, 2021, to a high of 6.51 in December 31, 2024. This indicates that, on average, the company collects its accounts receivable approximately 6 times a year. A higher receivables turnover ratio generally suggests better liquidity and efficient management of receivables, as the company is collecting its outstanding receivables more quickly. However, it is important to consider industry benchmarks and compare the company's receivables turnover with its peers to gain a better understanding of its performance in managing receivables.
Peer comparison
Dec 31, 2024