Whirlpool Corporation (WHR)
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 | 16,254,000 | 17,298,000 | 18,058,000 | 18,799,000 | 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 |
| Receivables | US$ in thousands | 1,317,000 | 1,644,000 | 1,595,000 | 1,707,000 | 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 |
| Receivables turnover | 12.34 | 10.52 | 11.32 | 11.01 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,254,000K ÷ $1,317,000K
= 12.34
The receivables turnover ratio indicates how many times a company collects its accounts receivable balance during a specific period. It is calculated by dividing net credit sales by the average accounts receivable balance. A higher receivables turnover ratio suggests that the company is efficient in collecting outstanding debts from customers.
Analyzing Whirlpool Corporation's receivables turnover over the provided periods shows some fluctuations in the ratio. From March 31, 2020, to December 31, 2024, the ratio ranged from 6.21 to 12.43 times. The trend indicates some variability in the efficiency of Whirlpool in collecting its receivables.
The highest receivables turnover ratio was observed on December 31, 2024, at 12.34 times, suggesting improved efficiency in collecting accounts receivable. Conversely, the lowest ratio of 6.21 times was recorded on December 31, 2020, indicating a potential delay in collecting outstanding debts during that period.
Overall, there seems to be a general increasing trend in the receivables turnover ratio from 2020 to 2024, with some fluctuations along the way. It is important to closely monitor this ratio to ensure timely collection of accounts receivable, which can impact the company's cash flow and overall liquidity position.
Peer comparison
Dec 31, 2024