Willscot Mobile Mini Holdings Corp A (WSC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,395,720 | 2,364,770 | 2,142,620 | 1,894,900 | 1,367,640 |
| Receivables | US$ in thousands | 430,381 | 451,130 | 409,766 | 351,285 | 330,942 |
| Receivables turnover | 5.57 | 5.24 | 5.23 | 5.39 | 4.13 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,395,720K ÷ $430,381K
= 5.57
The receivables turnover ratio for Willscot Mobile Mini Holdings Corp A demonstrates a generally stable trend over the observed period from December 31, 2020, through December 31, 2024.
At the end of 2020, the ratio was 4.13, indicating the company's receivables were collected approximately 4.13 times during that fiscal year. This ratio increased significantly in 2021 to 5.39, reflecting an improvement in the efficiency of receivables collection. The ratio then experienced a slight decline in 2022 to 5.23, but remained relatively stable in 2023 at 5.24, suggesting steady receivables management during this period.
In 2024, the ratio modestly increased again to 5.57, reaching its highest point within the observed timeframe. Overall, the upward trend from 2020 to 2024 indicates an enhancement in collection efficiency, with the company able to convert its receivables into cash more rapidly over time. The ratios suggest consistent management of receivables, with minor fluctuations, which may reflect stable credit policies or improved operational efficiency.