World Kinect Corporation (WKC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 42,168,000 | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 |
| Receivables | US$ in thousands | 2,432,600 | 2,700,000 | 3,294,100 | 2,355,300 | 1,238,400 |
| Receivables turnover | 17.33 | 17.67 | 17.92 | 13.30 | 16.44 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $42,168,000K ÷ $2,432,600K
= 17.33
The receivables turnover ratio of World Kinect Corporation has shown variations over the years, starting at 16.44 in December 2020, decreasing to 13.30 in December 2021, and then increasing to 17.92 in December 2022. Subsequently, the ratio slightly declined to 17.67 in December 2023 and further to 17.33 in December 2024.
The trend indicates an efficient management of accounts receivable in 2022, with a notable improvement from the previous year. However, the slight decline in the following years suggests a possible slowdown in collecting outstanding receivables.
Overall, World Kinect Corporation has maintained relatively high receivables turnover ratios, reflecting a timely collection of credit sales. Further analysis of the company's credit policies and collection processes may provide insights into the fluctuations observed in the receivables turnover ratio.