Valmont Industries Inc (VMI)
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 | 4,051,646 | 4,021,556 | 4,038,196 | 4,029,836 | 4,117,580 | 4,236,330 | 4,285,260 | 4,378,030 | 4,298,263 | 4,131,296 | 3,903,297 | 3,663,340 | 3,458,614 | 3,305,148 | 3,170,913 | 2,965,430 | 2,864,736 | 2,749,985 | 2,706,833 | 2,718,877 |
| Receivables | US$ in thousands | 654,360 | 714,010 | 703,255 | 659,036 | 657,960 | 673,999 | 651,133 | 650,041 | 604,181 | 614,411 | 627,876 | 616,538 | 571,593 | 537,693 | 559,323 | 491,383 | 511,714 | 502,004 | 500,838 | 492,785 |
| Receivables turnover | 6.19 | 5.63 | 5.74 | 6.11 | 6.26 | 6.29 | 6.58 | 6.74 | 7.11 | 6.72 | 6.22 | 5.94 | 6.05 | 6.15 | 5.67 | 6.03 | 5.60 | 5.48 | 5.40 | 5.52 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,051,646K ÷ $654,360K
= 6.19
The receivables turnover ratio for Valmont Industries Inc has shown a fluctuating trend over the past few years, ranging from 5.40 to 7.11. A higher receivables turnover ratio indicates that the company is able to efficiently collect payments from its customers and convert accounts receivable into cash more quickly.
From March 31, 2023, to December 31, 2023, there was a slight decrease in the receivables turnover ratio from 6.74 to 6.26. This could suggest a slight slowdown in the collection of accounts receivable during this period.
However, from March 31, 2024, to December 31, 2024, the receivables turnover ratio increased from 6.11 to 6.19. This indicates an improvement in the efficiency of the company's accounts receivable management, with Valmont Industries Inc able to collect payments from customers at a slightly faster rate during this period.
Overall, Valmont Industries Inc's receivables turnover ratio has demonstrated a relatively stable performance, indicating efficient management of accounts receivable and healthy cash flow generation over the years.
Peer comparison
Dec 31, 2024