Azenta Inc (AZTA)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 650,019 | 667,215 | 2,683,250 | 501,137 | 887,939 |
| Receivables | US$ in thousands | 172,700 | 156,535 | 163,758 | 119,900 | 188,291 |
| Receivables turnover | 3.76 | 4.26 | 16.39 | 4.18 | 4.72 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $650,019K ÷ $172,700K
= 3.76
The receivables turnover ratio measures how efficiently a company is able to collect cash from its credit sales. Azenta Inc's receivables turnover has fluctuated over the past five years, ranging from a low of 3.76 in 2024 to a high of 16.39 in 2022.
A higher receivables turnover ratio indicates that the company is collecting receivables more quickly, which can be a positive sign of efficiency. In contrast, a lower ratio may suggest issues with collecting outstanding payments in a timely manner.
Azenta Inc's receivables turnover ratio has generally remained above 4 in the past five years, indicating that the company is able to collect its accounts receivable within a reasonable timeframe. However, the significant decrease from 16.39 in 2022 to 3.76 in 2024 should be investigated further, as it may indicate a potential decline in the company's ability to collect payments promptly. Monitoring this ratio over time can provide valuable insights into Azenta Inc's credit and collection practices.
Peer comparison
Sep 30, 2024