Westinghouse Air Brake Technologies Corp (WAB)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,317,000 | 10,201,000 | 10,031,000 | 9,732,000 | 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 |
| Receivables | US$ in thousands | 1,152,000 | 1,326,000 | 1,269,000 | 1,227,000 | 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 |
| Receivables turnover | 8.96 | 7.69 | 7.90 | 7.93 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,317,000K ÷ $1,152,000K
= 8.96
The receivables turnover ratio of Westinghouse Air Brake Technologies Corp has exhibited some fluctuation over the past few years, ranging from a low of 4.99 in March 2020 to a high of 8.96 in December 2024. This ratio measures the company's efficiency in collecting payments owed by its customers. A higher turnover ratio indicates that the company collects its receivables more quickly.
Overall, the company's receivables turnover has shown a generally upward trend, with some minor fluctuations. The ratio peaked in December 2024 at 8.96, possibly indicating an improvement in the company's credit policies, collection processes, or customer payment behavior. However, it is important to note that the ratio dropped slightly in the most recent quarter (September 2024), suggesting a potential slowdown in receivables turnover efficiency.
Further analysis of the underlying reasons for these fluctuations, such as changes in credit terms, customer base, or economic conditions, could provide more insights into the company's receivables management performance and potential future implications for its overall financial health.
Peer comparison
Dec 31, 2024