Valmont Industries Inc (VMI)
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 | 4,130,740 | 4,249,490 | 4,298,420 | 4,391,190 | 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 | 2,737,232 | 2,750,969 | 2,738,343 | 2,712,119 |
| Receivables | US$ in thousands | 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 | 480,000 | 501,215 | 507,061 | 512,852 |
| Receivables turnover | 6.28 | 6.30 | 6.60 | 6.76 | 7.11 | 6.72 | 6.22 | 5.94 | 6.05 | 6.15 | 5.67 | 6.03 | 5.60 | 5.48 | 5.40 | 5.52 | 5.70 | 5.49 | 5.40 | 5.29 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,130,740K ÷ $657,960K
= 6.28
The receivables turnover ratio for Valmont Industries Inc has shown varying levels over the past five years. The ratio indicates how efficiently the company is collecting its accounts receivable. A higher ratio signifies that the company is collecting its outstanding receivables more quickly.
Looking at the trend, the receivables turnover ratio has generally been fluctuating within a range over the past few years, with some quarters showing an increasing trend while others show a slight decrease.
In the most recent quarter, the receivables turnover ratio stood at 6.28, which suggests that the company collected its outstanding receivables approximately 6.28 times during the period, indicating a moderate efficiency in collecting accounts receivable.
It would be important to further analyze the reasons behind these fluctuations in the receivables turnover ratio to assess the effectiveness of Valmont Industries Inc in managing its accounts receivable and cash flows efficiently.
Peer comparison
Dec 31, 2023