Weatherford International PLC (WFRD)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,505,000 | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 |
| Receivables | US$ in thousands | 1,261,000 | 1,216,000 | 989,000 | 825,000 | 826,000 |
| Receivables turnover | 4.37 | 4.13 | 4.38 | 4.42 | 4.46 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,505,000K ÷ $1,261,000K
= 4.37
The receivables turnover for Weatherford International PLC has shown a gradual decline over the past five years. Starting at 4.46 in December 31, 2020, it decreased to 4.42 in December 31, 2021, further dropping to 4.38 in December 31, 2022, and hitting 4.13 in December 31, 2023. However, there was a slight uptick in the receivables turnover to 4.37 in December 31, 2024. This trend indicates that the company may be taking longer to collect payments from its customers, which could potentially impact its liquidity and working capital management. It would be advisable for the company to closely monitor its accounts receivable collection processes to improve efficiency and cash flow.
Peer comparison
Dec 31, 2024