Westinghouse Air Brake Technologies Corp (WAB)
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 | 9,433,000 | 9,244,000 | 8,784,000 | 8,442,000 | 8,182,000 | 7,955,700 | 7,790,000 | 7,757,800 | 7,664,100 | 7,587,500 | 7,552,200 | 7,268,200 | 7,339,800 | 7,743,100 | 7,858,800 | 8,349,740 | 8,022,180 | 6,771,660 | 5,880,540 | 4,781,280 |
| Receivables | US$ in thousands | 1,180,000 | 1,339,000 | 1,250,000 | 1,181,000 | 1,055,000 | 1,004,000 | 1,000,000 | 998,000 | 1,085,000 | 960,300 | 1,020,900 | 985,300 | 969,300 | 1,020,000 | 964,400 | 1,672,000 | 1,663,900 | 1,673,300 | 1,707,410 | 1,726,820 |
| Receivables turnover | 7.99 | 6.90 | 7.03 | 7.15 | 7.76 | 7.92 | 7.79 | 7.77 | 7.06 | 7.90 | 7.40 | 7.38 | 7.57 | 7.59 | 8.15 | 4.99 | 4.82 | 4.05 | 3.44 | 2.77 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,433,000K ÷ $1,180,000K
= 7.99
Westinghouse Air Brake Technologies Corp's receivables turnover has been fluctuating over the past eight quarters, ranging from 5.29 to 5.75. The company's ability to collect its accounts receivables within a specific period has remained relatively stable, with an average turnover of approximately 5.52.
A higher receivables turnover ratio indicates that the company is more efficient in collecting payments from its customers, which can be a positive sign of strong cash flow management. In this case, Westinghouse Air Brake Technologies Corp has consistently maintained a healthy level of receivables turnover, suggesting effective credit policies and collection procedures.
However, the slight variations in the receivables turnover ratio over the quarters may warrant further investigation into the company's credit terms, customer payment behaviors, and overall receivables management. It is essential to monitor changes in the receivables turnover ratio to ensure that the company's working capital is being effectively utilized and that there are no underlying issues impacting its accounts receivables collection process.
Peer comparison
Dec 31, 2023