Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,992,600 | 2,992,500 | 3,008,700 | 3,112,800 | 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 | 631,100 | 633,700 | 597,500 | 621,400 | 601,200 | 623,100 | 588,600 | 569,400 | 610,200 | 602,500 | — | — | 571,800 |
| Receivables turnover | 4.74 | 4.72 | 5.04 | 5.01 | 5.16 | 5.10 | 5.41 | 5.55 | 5.14 | 5.10 | — | — | 5.11 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,992,600K ÷ $631,100K
= 4.74
The receivables turnover ratio for Vontier Corp has shown some fluctuation over the past few years. It was 5.11 at the end of December 2021 and remained stable around 5.10 to 5.16 for the next few quarters. However, there was a slight increase to 5.55 by the end of March 2023, indicating that the company was able to collect its accounts receivable more efficiently during that period.
Subsequently, the ratio decreased to 4.72 by the end of September 2024, suggesting a potential delay in collecting receivables or an increase in the average collection period. A lower turnover ratio can sometimes indicate issues with credit policies, collection efforts, or a decrease in sales.
Overall, while the receivables turnover ratio of Vontier Corp has shown some variability, it is important for the company to closely monitor this ratio to ensure efficient management of its accounts receivable and timely collection of outstanding payments.
Peer comparison
Dec 31, 2024