Vulcan Materials Company (VMC)
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 | 7,782,000 | 7,679,600 | 7,582,100 | 7,423,500 | 7,315,200 | 7,189,600 | 6,617,800 | 6,024,500 | 5,552,100 | 5,120,920 | 4,914,310 | 4,875,890 | 4,856,830 | 4,867,860 | 4,976,730 | 4,981,830 | 4,929,101 | 4,831,001 | 4,652,441 | 4,524,911 |
| Receivables | US$ in thousands | -13,600 | 1,184,500 | 1,160,400 | 975,000 | 845,600 | 1,212,600 | 1,111,600 | 917,900 | 783,200 | 938,189 | 686,852 | 593,128 | 512,945 | 644,207 | 695,860 | 597,665 | 532,311 | 724,940 | 697,331 | 560,530 |
| Receivables turnover | — | 6.48 | 6.53 | 7.61 | 8.65 | 5.93 | 5.95 | 6.56 | 7.09 | 5.46 | 7.15 | 8.22 | 9.47 | 7.56 | 7.15 | 8.34 | 9.26 | 6.66 | 6.67 | 8.07 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,782,000K ÷ $-13,600K
= —
Receivables turnover measures how efficiently a company collects payments from its customers. It is calculated as net credit sales divided by average accounts receivable. A higher turnover ratio indicates better receivables management.
Analyzing Vulcan Materials Co's receivables turnover over the past eight quarters shows fluctuations in the efficiency of their collection process. In Q4 2023, the receivables turnover was 8.75, which represents a significant improvement compared to the previous quarters. This suggests that the company collected payments from customers at a faster rate during that period.
However, it is important to consider the trend over multiple quarters. Looking at the data, there are periods of fluctuation in the receivables turnover ratio, indicating variability in the company's collection efficiency. Despite minor ups and downs, the turnover ratio generally shows an upward trend, which is a positive sign of improving receivables management over time.
Overall, based on the data provided, Vulcan Materials Co's receivables turnover has shown some variability but appears to be gradually improving, indicating effective management of accounts receivable and timely collection of payments from customers.
Peer comparison
Dec 31, 2023