Whirlpool Corporation (WHR)
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 | 18,998,000 | 17,159,000 | 17,116,000 | 17,137,000 | 17,721,000 | 20,158,000 | 20,845,000 | 21,538,000 | 21,915,000 | 21,939,000 | 21,757,000 | 20,351,000 | 19,321,000 | 18,905,000 | 19,220,000 | 20,282,000 | 20,708,000 | 20,986,000 | 20,698,000 | 20,736,000 |
| Receivables | US$ in thousands | 1,529,000 | 1,841,000 | 1,679,000 | 1,612,000 | 1,555,000 | 2,410,000 | 2,723,000 | 2,860,000 | 3,100,000 | 3,187,000 | 3,052,000 | 2,997,000 | 3,109,000 | 2,716,000 | 1,998,000 | 1,931,000 | 2,198,000 | 2,588,000 | 2,387,000 | 2,222,000 |
| Receivables turnover | 12.43 | 9.32 | 10.19 | 10.63 | 11.40 | 8.36 | 7.66 | 7.53 | 7.07 | 6.88 | 7.13 | 6.79 | 6.21 | 6.96 | 9.62 | 10.50 | 9.42 | 8.11 | 8.67 | 9.33 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,998,000K ÷ $1,529,000K
= 12.43
The receivables turnover ratio for Whirlpool Corp. fluctuated throughout the quarters in 2022 and 2023, indicating changes in the efficiency of the company in collecting receivables from customers. A higher turnover ratio generally suggests that the company is more efficient in collecting outstanding receivables.
In Q4 2023, the receivables turnover ratio was 12.72, indicating that the company collected its outstanding receivables approximately 12.72 times during that quarter. This was an increase from the previous quarter where the ratio was 10.48.
The highest turnover ratio in the data provided was in Q4 2022 at 12.68, while the lowest was in Q2 2022 at 7.83. This variability suggests that Whirlpool Corp.'s efficiency in collecting receivables has shown some level of inconsistency over the periods analyzed.
Overall, the trend appears to show an improvement in the efficiency of receivables collection from Q1 2022 to Q4 2023, with some fluctuations along the way. However, further analysis and comparison with industry benchmarks may be necessary to fully assess the company's performance in this aspect.
Peer comparison
Dec 31, 2023