Artivion Inc (AORT)

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	331,069	312,325	303,112	296,526	296,606	305,041	305,123	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146	276,222	274,324	271,041	268,398
Receivables	US$ in thousands	74,138	68,270	69,256	66,712	69,584	65,039	65,553	59,575	58,105	55,176	53,284	50,736	48,752	49,431	48,260	51,674	55,861	54,872	61,738	54,313
Receivables turnover		4.47	4.57	4.38	4.44	4.26	4.69	4.65	5.12	5.14	5.21	5.26	5.08	5.19	5.16	5.34	5.32	4.94	5.00	4.39	4.94

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $331,069K ÷ $74,138K
= 4.47

Artivion Inc's receivables turnover ratio over the last eight quarters has shown some fluctuations but generally remained within a relatively consistent range. The receivables turnover ratio measures how efficiently a company is able to collect payment from its customers.

The average receivables turnover ratio for Artivion Inc over this period is approximately 4.83, indicating that, on average, the company collects its accounts receivable about 4.83 times per year. A higher receivables turnover ratio typically suggests that the company is able to collect payments from customers quickly, which is a positive sign of efficient management of its accounts receivable.

Although there have been some fluctuations in the receivables turnover ratio for Artivion Inc, it has generally remained stable and relatively close to the average. This suggests that the company has been consistent in its ability to collect payments from customers over the past year.

Overall, Artivion Inc's receivables turnover ratio analysis indicates that the company has been effective in managing its accounts receivable and collecting payments from customers efficiently.