Azenta Inc (AZTA)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 651,150 | 662,379 | 657,005 | 645,780 | 669,996 | 633,011 | 598,573 | 594,894 | 554,493 | 549,230 | 729,759 | 867,038 | 977,448 | 948,755 | 854,265 | 795,637 | 753,076 | 1,246,466 | 1,227,754 | 1,182,711 |
| Receivables | US$ in thousands | 172,700 | 167,613 | 154,668 | 155,926 | 156,535 | 163,019 | 167,960 | 201,920 | 163,758 | 150,274 | 137,578 | 126,001 | 119,900 | 234,100 | 225,389 | 196,679 | 188,291 | 183,200 | 179,014 | 165,176 |
| Receivables turnover | 3.77 | 3.95 | 4.25 | 4.14 | 4.28 | 3.88 | 3.56 | 2.95 | 3.39 | 3.65 | 5.30 | 6.88 | 8.15 | 4.05 | 3.79 | 4.05 | 4.00 | 6.80 | 6.86 | 7.16 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $651,150K ÷ $172,700K
= 3.77
The receivables turnover ratio of Azenta Inc has fluctuated over the past several quarters. It measures the efficiency of the company in collecting outstanding receivables during a specific period. A higher turnover ratio indicates that the company is collecting its accounts receivables more frequently.
Looking at the trend, the receivables turnover ratio was relatively stable around 3.5 to 4.5 from Sep 2022 to Mar 2024, showing consistent collection efficiency during this period. There was a noticeable increase in the ratio in Jun 2022 to Dec 2023, reaching a peak of 8.15 in Dec 2022, which suggests an improvement in the company's collection process during that time.
However, the receivables turnover ratio started to decline significantly from Mar 2024 onwards, dropping to 3.77 in Sep 2024. This decline may indicate potential issues with collecting accounts receivables efficiently, such as slower payment from customers or ineffective credit policies.
Overall, while the variation in the receivables turnover ratio can be influenced by several factors, Azenta Inc should monitor this ratio closely to ensure that it maintains an optimal balance between collecting receivables efficiently and maintaining strong customer relationships.
Peer comparison
Sep 30, 2024