Azenta Inc (AZTA)
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 | 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 | 1,154,490 | 562,470 | 564,435 |
| Receivables | US$ in thousands | 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 | 165,602 | 163,105 | 163,653 |
| Receivables turnover | 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 | 6.97 | 3.45 | 3.45 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $645,780K ÷ $155,926K
= 4.14
Azenta Inc's receivables turnover has shown fluctuations over the past few quarters. The company's receivables turnover ratio has been improving gradually from 1.91 in Q2 2022 to a peak of 4.25 in Q4 2023. This indicates that the company's efficiency in collecting payments from customers has been increasing. However, it experienced a significant drop in Q3 2022 to 0.53, reflecting potential issues with collecting receivables during that period.
Overall, the upward trend in receivables turnover suggests that Azenta Inc has been managing its accounts receivable effectively, which is a positive indicator of the company's liquidity and cash flow management. It is important for the company to continue monitoring and maintaining a healthy receivables turnover ratio to ensure timely collections and sustainable financial performance.
Peer comparison
Dec 31, 2023