Valvoline Inc (VVV)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,659,000 | 1,570,900 | 1,525,700 | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 |
| Receivables | US$ in thousands | 86,400 | 97,500 | 109,600 | 83,500 | 81,300 | 71,900 | 61,100 | 56,900 | 66,100 | 583,000 | 563,000 | 530,000 | 65,300 | 490,000 | 448,000 | 430,000 | 433,000 | 396,000 | 352,000 | 395,000 |
| Receivables turnover | 19.20 | 16.11 | 13.92 | 17.74 | 17.72 | 19.32 | 32.24 | 44.13 | 45.94 | 5.14 | 5.03 | 4.99 | 37.38 | 5.71 | 5.63 | 5.58 | 5.44 | 5.89 | 6.90 | 6.18 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,659,000K ÷ $86,400K
= 19.20
The receivables turnover ratio for Valvoline Inc has fluctuated over the past several quarters. The ratio measures how efficiently the company is collecting on its accounts receivable. A higher ratio indicates that the company is collecting its receivables more quickly.
In the most recent quarter, Sep 30, 2024, Valvoline Inc had a receivables turnover ratio of 19.20, which is an improvement from the previous quarter. This suggests that the company collected its receivables more efficiently during this period.
Looking back over the past few years, there are significant fluctuations in the receivables turnover ratio. There was a notable peak in Mar 31, 2023, with a ratio of 32.24, indicating exceptionally efficient collection of receivables during that period. However, the ratio dropped substantially in the following quarters before experiencing a sharp increase by Dec 31, 2023.
Overall, while there have been fluctuations in the receivables turnover ratio for Valvoline Inc, the recent improvement suggests better efficiency in collecting receivables. It is important for investors and analysts to monitor this ratio to assess the company's ability to manage its accounts receivable effectively.
Peer comparison
Sep 30, 2024