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.