Artivion Inc (AORT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 331,083 | 292,771 | 298,836 | 253,227 | 276,222 |
| Receivables | US$ in thousands | 74,138 | 69,584 | 58,105 | 48,752 | 55,861 |
| Receivables turnover | 4.47 | 4.21 | 5.14 | 5.19 | 4.94 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $331,083K ÷ $74,138K
= 4.47
The receivables turnover for Artivion Inc has shown variations in recent years. The turnover ratio indicates how efficiently the company is able to collect outstanding receivables from customers during a specific period. A higher turnover ratio typically suggests that the company is efficient in collecting its accounts receivable.
The trend for Artivion Inc's receivables turnover over the past five years indicates a slight fluctuation. In 2023, the receivables turnover ratio was 4.77, which represents a moderate increase compared to the previous year. This suggests that the company improved its efficiency in collecting receivables from customers in 2023.
Overall, while Artivion Inc's receivables turnover ratios have fluctuated over the years, the company has generally maintained a moderate level of efficiency in collecting its accounts receivable. Further analysis of the underlying factors affecting these ratios, such as changes in credit policies or customer payment behavior, would provide deeper insights into the company's receivables management performance.
Peer comparison
Dec 31, 2023