Vector Group Ltd (VGR)
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 | 1,424,268 | 1,427,688 | 1,441,572 | 1,463,112 | 1,441,009 | 1,390,912 | 1,311,402 | 1,261,754 | 1,220,700 | 1,489,747 | 1,739,093 | 1,847,299 | 2,030,799 | 1,921,951 | 1,878,910 | 1,971,582 | 1,938,018 | 1,910,085 | 1,867,283 | 1,765,154 |
| Receivables | US$ in thousands | 26,442 | 27,924 | 45,431 | 30,500 | 49,131 | 29,917 | 34,007 | 29,885 | 27,015 | 46,426 | 51,463 | 45,905 | 40,711 | 43,999 | 32,760 | 39,453 | 36,959 | 42,653 | 44,347 | 36,440 |
| Receivables turnover | 53.86 | 51.13 | 31.73 | 47.97 | 29.33 | 46.49 | 38.56 | 42.22 | 45.19 | 32.09 | 33.79 | 40.24 | 49.88 | 43.68 | 57.35 | 49.97 | 52.44 | 44.78 | 42.11 | 48.44 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,424,268K ÷ $26,442K
= 53.86
The data provided indicates that Vector Group Ltd's receivables turnover ratio has varied over the past eight quarters. The receivables turnover ratio measures how efficiently the company is collecting payments from its customers. A higher turnover ratio generally indicates that the company is collecting payments more quickly.
In Q4 2023, the receivables turnover ratio was 53.86, which was an increase from the previous quarter's ratio of 51.13. This suggests that the company was collecting payments at a faster rate in Q4 2023 compared to Q3 2023.
Looking at the trend over the past eight quarters, there have been fluctuations in the receivables turnover ratio. The highest ratio was in Q4 2023, while the lowest ratio was in Q3 2022. This variability may indicate changes in the company's credit policies, customer payment behavior, or the effectiveness of its collection efforts.
Overall, the fluctuating nature of Vector Group Ltd's receivables turnover ratio suggests that the company may need to closely monitor its receivables management practices to ensure timely collection of payments from customers.
Peer comparison
Dec 31, 2023