Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 | |||
| Receivables | US$ in thousands | 601,200 | 623,100 | 588,600 | 569,400 | 610,200 | 602,500 | — | — | 571,800 | — | — | — |
| Receivables turnover | 5.16 | 5.10 | 5.41 | 5.55 | 5.14 | 5.10 | — | — | 5.11 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,100,500K ÷ $601,200K
= 5.16
The receivables turnover ratio for Vontier Corporation has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 6.07 in Q3 2022 to a high of 6.98 in Q1 2022. Overall, the average receivables turnover ratio over this period was approximately 6.42, indicating that, on average, Vontier collects its outstanding receivables around 6.42 times per year.
The consistent range of values around 6 suggests that Vontier is efficiently managing its accounts receivable, as a higher turnover implies that the company is collecting its receivables more quickly. However, the slight fluctuations in the ratio indicate some variability in the collection efficiency over time.
It would be beneficial for stakeholders to monitor these trends closely to ensure that the company's receivables management remains effective and consistent.
Peer comparison
Dec 31, 2023