Latham Group (Latham Group) Receivables Turnover : 2.12 (As of Mar. 2024)

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What is Latham Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Latham Group's Revenue for the three months ended in Mar. 2024 was $110.6 Mil. Latham Group's average Accounts Receivable for the three months ended in Mar. 2024 was $52.2 Mil. Hence, Latham Group's Receivables Turnover for the three months ended in Mar. 2024 was 2.12.

Latham Group Receivables Turnover Historical Data

The historical data trend for Latham Group's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Latham Group Receivables Turnover Chart

Latham Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

10.12

12.57

13.48

12.70

14.30

Latham Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.82	1.92	2.09	1.77	2.12

Competitive Comparison of Latham Group's Receivables Turnover

For the Building Products & Equipment subindustry, Latham Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Latham Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Latham Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Latham Group's Receivables Turnover falls into.

Latham Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Latham Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	566.492	/ (	(48.847	+	30.407)	/	2 )
=	566.492	/	39.627
=	14.30

Latham Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	110.629	/ (	(30.407	+	73.944)	/	2 )
=	110.629	/	52.1755
=	2.12

Latham Group (NAS:SWIM) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Latham Group Receivables Turnover Related Terms

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Latham Group (Latham Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Latham Group Inc (NAS:SWIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

787 Watervliet Shaker Road, Latham, NY, USA, 12110

Website

https://www.lathampool.com

Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.

Executives

Oliver C. Gloe	officer: VICE PRESIDENT, FINANCE	C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski	director, officer: Chief Executive Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck	officer: Chief Human Resources Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller	officer: General Counsel & Secretary	343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley	officer: Chief Commercial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala	officer: Vice President & Controller	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt	director	112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson	director	650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl	officer: COO Latham Pool Products, Inc.	C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake	officer: Chief Operating Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110