Agilent Technologies Inc (A)
Receivables turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 5,073,000 | 4,928,000 | 4,859,000 |
| Receivables | US$ in thousands | 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 | 998,000 | 856,000 | 819,000 |
| Receivables turnover | 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 | 5.08 | 5.76 | 5.93 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,700,000K ÷ $1,295,000K
= 5.17
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. Agilent Technologies Inc.'s receivables turnover ratios in recent quarters have been relatively stable, ranging from 4.75 to 5.29.
A higher receivables turnover ratio indicates that the company is collecting payments more quickly, which is generally a positive sign of strong cash flow management. Agilent's ratios range between 4.75 and 5.29, indicating that on average, the company collected its accounts receivable approximately 5 times per year.
The slight fluctuations in the ratios over the quarters may be due to seasonal variations in sales or changes in the company's credit policies. Overall, the consistency of Agilent's receivables turnover ratios suggests that the company has been effective in managing credit and collecting payments from customers in a timely manner.
However, it is important to compare these ratios with industry benchmarks and trends over time to get a better understanding of Agilent's performance in managing its accounts receivable.
Peer comparison
Jan 31, 2024