Agilent Technologies Inc (A)
Receivables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,489,000 | 6,494,000 | 6,564,000 | 6,700,000 | 6,806,000 | 6,912,000 | 6,975,000 | 6,872,000 | 6,783,000 | 6,604,000 | 6,458,000 | 6,377,000 | 6,248,000 | 6,057,000 | 5,738,000 | 5,454,000 | 5,271,000 | 5,138,000 | 5,148,000 | 5,148,000 |
| Receivables | US$ in thousands | 1,471,000 | 1,227,000 | 1,249,000 | 1,295,000 | 1,391,000 | 1,339,000 | 1,401,000 | 1,459,000 | 1,492,000 | 1,345,000 | 1,237,000 | 1,205,000 | 1,238,000 | 1,122,000 | 1,075,000 | 1,087,000 | 1,127,000 | 930,000 | 886,000 | 966,000 |
| Receivables turnover | 4.41 | 5.29 | 5.26 | 5.17 | 4.89 | 5.16 | 4.98 | 4.71 | 4.55 | 4.91 | 5.22 | 5.29 | 5.05 | 5.40 | 5.34 | 5.02 | 4.68 | 5.52 | 5.81 | 5.33 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,489,000K ÷ $1,471,000K
= 4.41
The receivables turnover ratio for Agilent Technologies Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio is generally preferred as it suggests that the company is collecting its accounts receivables more quickly.
From the data provided, we can observe that the receivables turnover ratio for Agilent has ranged from 4.41 to 5.81 over the past 20 quarters. The ratio peaked at 5.81 in the first quarter of 2020 and reached its lowest point at 4.41 in the fourth quarter of 2024. Overall, the company has maintained a relatively stable turnover ratio range, indicating a consistent ability to collect payments from customers.
It is important to note that a declining receivables turnover ratio may suggest potential issues with collection efficiency or an increase in credit terms offered to clients. Conversely, an increasing ratio could indicate a more efficient collection process or stricter credit policies.
In conclusion, while the fluctuations in the receivables turnover ratio for Agilent Technologies Inc are within a reasonable range, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's effectiveness in managing its accounts receivables.
Peer comparison
Oct 31, 2024