Whirlpool Corporation (WHR)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,343,000 | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 |
| Receivables | US$ in thousands | 1,317,000 | 1,529,000 | 1,555,000 | 3,100,000 | 3,109,000 |
| Receivables turnover | 12.41 | 12.43 | 11.39 | 7.07 | 6.20 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,343,000K ÷ $1,317,000K
= 12.41
The receivables turnover for Whirlpool Corporation has shown a positive trend over the years, increasing from 6.20 in December 31, 2020, to 7.07 in December 31, 2021, and further rising significantly to 11.39 in December 31, 2022. The turnover ratio continued to improve in subsequent years, reaching 12.43 in December 31, 2023, and maintaining a similar level at 12.41 in December 31, 2024. This indicates that the company has been able to collect its accounts receivables more efficiently as time has progressed, which is a positive sign of effective credit management and liquidity. A high receivables turnover ratio suggests that the company is effectively converting its accounts receivable into cash, potentially improving its working capital management and overall financial health.
Peer comparison
Dec 31, 2024