Avantor Inc (AVTR)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,783,600 | 6,819,800 | 6,825,600 | 6,866,700 | 6,967,200 | 7,039,400 | 7,175,700 | 7,342,300 | 7,512,400 | 7,625,000 | 7,602,800 | 7,550,900 | 7,386,100 | 7,269,400 | 7,040,100 | 6,660,200 | 6,393,600 | 6,126,700 | 6,025,500 | 6,079,200 |
| Receivables | US$ in thousands | 1,034,500 | 1,087,700 | 1,129,000 | 1,129,700 | 1,150,200 | 1,150,300 | 1,216,000 | 1,277,200 | 1,218,400 | 1,231,400 | 1,269,600 | 1,345,400 | 1,222,100 | 1,184,700 | 1,268,800 | 1,201,500 | 1,113,300 | 1,036,900 | 983,700 | 1,041,100 |
| Receivables turnover | 6.56 | 6.27 | 6.05 | 6.08 | 6.06 | 6.12 | 5.90 | 5.75 | 6.17 | 6.19 | 5.99 | 5.61 | 6.04 | 6.14 | 5.55 | 5.54 | 5.74 | 5.91 | 6.13 | 5.84 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,783,600K ÷ $1,034,500K
= 6.56
The receivables turnover ratio of Avantor Inc has shown variations over the periods provided. The ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly.
From March 31, 2020, to December 31, 2024, Avantor Inc's receivables turnover ratio fluctuated between 5.54 and 6.56 times. Generally, the trend shows a consistent performance in managing its accounts receivable, with periodic fluctuations within this range.
The most recent value for December 31, 2024, at 6.56, indicates that Avantor Inc efficiently collected its outstanding receivables over that period. However, it's essential to compare this ratio with industry benchmarks to assess Avantor's performance relative to its peers in terms of managing its receivables effectively. Monitoring the receivables turnover ratio over time can provide insights into the company's credit policies, collection efficiency, and overall financial health.
Peer comparison
Dec 31, 2024