Xpel Inc (XPEL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 395,362 | 367,671 | 354,472 | 335,716 | 322,032 | 313,502 | 292,841 | 278,485 | 258,608 | 237,501 | 215,221 | 182,193 | 158,356 | 149,325 | 138,728 | 133,070 | |||
| Receivables | US$ in thousands | 24,807 | 24,115 | 23,983 | 21,353 | 14,726 | 17,944 | 19,669 | 15,179 | 13,776 | 15,164 | 12,626 | 9,903 | 9,944 | 8,968 | 7,215 | 7,307 | 7,247 | 7,285 | 7,550 |
| Receivables turnover | 15.94 | 15.25 | 14.78 | 15.72 | 21.87 | 17.47 | 14.89 | 18.35 | 18.77 | 15.66 | 17.05 | 18.40 | 15.92 | 16.65 | 19.23 | 18.21 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $395,362K ÷ $24,807K
= 15.94
The receivables turnover ratio for XPEL Inc has exhibited fluctuations over the past eight quarters. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific time period. A higher ratio is generally preferred as it suggests that the company is collecting its outstanding receivables more quickly.
In Q4 2023, the receivables turnover was 15.98, which was slightly higher compared to the previous quarter. This indicates that XPEL Inc collected its accounts receivable approximately 15.98 times during the quarter. However, the ratio was lower than the peak of 22.00 observed in Q4 2022.
Overall, the trend in receivables turnover for XPEL Inc has been relatively stable, with some variations quarter over quarter. It is essential for the company to continue monitoring and managing its accounts receivable efficiently to ensure timely collections and healthy cash flows.