World Kinect Corporation (WKC)
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 | 42,168,000 | 44,410,500 | 46,164,900 | 46,180,400 | 47,710,600 | 49,585,300 | 53,001,300 | 59,142,700 | 59,043,100 | 55,108,200 | 47,797,800 | 37,761,200 | 31,337,100 | 26,096,400 | 22,228,200 | 18,301,000 | 20,358,300 | 25,014,300 | 29,854,300 | 36,155,400 |
| Receivables | US$ in thousands | 2,432,600 | 2,500,000 | 2,592,000 | 2,679,000 | 2,700,000 | 2,900,000 | 2,473,300 | 2,997,200 | 3,294,100 | 3,172,900 | 3,954,700 | 3,510,200 | 2,355,300 | 2,032,500 | 1,835,000 | 1,669,200 | 1,238,400 | 1,244,100 | 1,415,900 | 1,985,100 |
| Receivables turnover | 17.33 | 17.76 | 17.81 | 17.24 | 17.67 | 17.10 | 21.43 | 19.73 | 17.92 | 17.37 | 12.09 | 10.76 | 13.30 | 12.84 | 12.11 | 10.96 | 16.44 | 20.11 | 21.09 | 18.21 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $42,168,000K ÷ $2,432,600K
= 17.33
The receivables turnover for World Kinect Corporation has varied over the years, showing fluctuations in the efficiency of collecting outstanding receivables.
In the latest period of December 31, 2024, the receivables turnover ratio stood at 17.33, indicating that the company collected its accounts receivables approximately 17.33 times during the year. This represents a stable level compared to the previous periods as the ratio has been hovering around the range of 17-18 for the past few quarters.
A higher receivables turnover ratio is generally desirable as it signifies that the company is efficiently managing its receivables by quickly converting them into cash. Conversely, a declining ratio could indicate potential issues such as a higher proportion of overdue accounts or difficulties in collecting payments from customers.
World Kinect Corporation should continue to monitor its receivables turnover ratio closely to ensure that it remains at an optimal level, reflecting effective credit management practices and timely collection of outstanding balances.