Westinghouse Air Brake Technologies Corp (WAB)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Receivables | US$ in thousands | 1,180,000 | 1,055,000 | 1,085,000 | 969,300 | 1,663,900 |
| Receivables turnover | 7.99 | 7.75 | 7.06 | 7.57 | 4.78 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,432,000K ÷ $1,180,000K
= 7.99
The receivables turnover ratio of Westinghouse Air Brake Technologies Corp has shown a generally increasing trend from 4.93 in 2019 to 5.75 in 2023. This indicates that the company is collecting its accounts receivable more frequently each year, which is a positive sign as it suggests efficient management of credit sales and collection processes. Furthermore, the consistent improvement in the receivables turnover ratio over the years indicates that the company has been effective in converting its credit sales into cash. Overall, this trend suggests that Westinghouse Air Brake Technologies Corp has been successful in managing its accounts receivable effectively and efficiently.
Peer comparison
Dec 31, 2023