Woodward Inc (WWD)
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 | 3,033,346 | 2,865,507 | 2,731,573 | 2,548,442 | 2,427,467 | 2,353,549 | 2,281,598 | 2,224,172 | 2,218,179 | 2,214,167 | 2,184,932 | 2,152,575 | 2,292,043 | 2,474,487 | 2,679,760 | 2,904,004 | 2,938,143 | 2,866,041 | 2,848,863 | 2,687,895 |
Receivables | US$ in thousands | 495,044 | 499,347 | 484,672 | 442,187 | 348,041 | 373,948 | 334,677 | 338,990 | 274,239 | 334,190 | 393,046 | 408,439 | 346,720 | 386,544 | 369,481 | 437,044 | 375,717 | 424,304 | 460,868 | 469,622 |
Receivables turnover | 6.13 | 5.74 | 5.64 | 5.76 | 6.97 | 6.29 | 6.82 | 6.56 | 8.09 | 6.63 | 5.56 | 5.27 | 6.61 | 6.40 | 7.25 | 6.64 | 7.82 | 6.75 | 6.18 | 5.72 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,033,346K ÷ $495,044K
= 6.13
The receivables turnover for Woodward Inc has fluctuated over the past eight quarters. In Q1 2024, the receivables turnover was 3.91, indicating that the company collected its accounts receivable approximately 3.91 times during the quarter. This was higher compared to the previous quarter (Q4 2023) when the turnover was 3.81.
Overall, the company's receivables turnover has ranged from 3.60 to 4.09 over the past two years. It is important to note that a higher receivables turnover generally indicates that the company is collecting its receivables more quickly, which can be a positive sign of efficiency in managing its accounts receivable.
However, the trend should be monitored over time to assess the effectiveness of Woodward Inc's credit policies, collection efforts, and overall liquidity management. Additionally, comparing the company's receivables turnover to industry benchmarks can provide further insights into its performance in managing receivables.