Olympic Steel Inc (ZEUS)
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 | 2,158,415 | 2,188,626 | 2,296,673 | 2,436,607 | 2,562,123 | 2,666,666 | 2,700,688 | 2,547,576 | 2,312,156 | 2,019,138 | 1,650,603 | 1,342,836 | 1,234,034 | 1,222,227 | 1,306,544 | 1,487,405 | 1,579,022 | 1,688,872 | 1,761,623 | 1,785,395 |
| Receivables | US$ in thousands | 191,149 | 227,847 | 227,992 | 236,844 | 219,789 | 279,344 | 320,917 | 319,536 | 284,570 | 303,236 | 264,451 | 210,695 | 151,601 | 148,555 | 129,618 | 165,782 | 133,572 | 168,037 | 185,048 | 204,448 |
| Receivables turnover | 11.29 | 9.61 | 10.07 | 10.29 | 11.66 | 9.55 | 8.42 | 7.97 | 8.13 | 6.66 | 6.24 | 6.37 | 8.14 | 8.23 | 10.08 | 8.97 | 11.82 | 10.05 | 9.52 | 8.73 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,158,415K ÷ $191,149K
= 11.29
Receivables turnover ratio measures how efficiently a company is collecting its accounts receivable within a specific period. Olympic Steel Inc.'s receivables turnover has shown fluctuations in recent quarters. The ratio increased from 9.54 in Q3 2022 to 11.29 in Q4 2023, indicating an improvement in the company's ability to collect receivables during this period.
However, it is essential to note that the company's receivables turnover ratio has been somewhat volatile throughout the periods shown in the table. This variability may suggest challenges in managing receivables efficiently or fluctuations in sales patterns. Further analysis and comparisons with industry averages or historical data would provide more insights into the effectiveness of Olympic Steel Inc.'s receivables management practices.
Peer comparison
Dec 31, 2023