Boston Scientific Corp (BSX)
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 | 13,974,000 | 10,508,000 | 10,348,000 | 9,999,000 | 9,228,000 | 12,104,000 | 11,689,000 | 11,502,000 | 11,625,000 | 11,168,000 | 10,855,000 | 9,774,000 | 9,553,000 | 9,751,000 | 9,790,000 | 10,420,000 | 10,349,000 | 10,035,000 | 9,758,000 | 9,649,000 |
Receivables | US$ in thousands | 2,228,000 | 2,101,000 | 2,134,000 | 2,076,000 | 1,970,000 | 1,871,000 | 1,917,000 | 1,866,000 | 1,778,000 | 1,669,000 | 1,675,000 | 1,631,000 | 1,531,000 | 1,598,000 | 1,457,000 | 1,702,000 | 1,933,000 | 1,796,000 | 1,712,000 | 1,621,000 |
Receivables turnover | 6.27 | 5.00 | 4.85 | 4.82 | 4.68 | 6.47 | 6.10 | 6.16 | 6.54 | 6.69 | 6.48 | 5.99 | 6.24 | 6.10 | 6.72 | 6.12 | 5.35 | 5.59 | 5.70 | 5.95 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,974,000K ÷ $2,228,000K
= 6.27
The receivables turnover ratio for Boston Scientific Corp. has been relatively stable over the past eight quarters, ranging from 6.28 to 6.72. This ratio indicates how efficiently the company is collecting cash from its credit sales within a specific period. A higher receivables turnover ratio is generally preferable as it suggests that the company is able to collect its accounts receivable more quickly.
Although there was some fluctuation in the ratio quarter over quarter, the overall trend has been consistent, hovering around the mid-six range. This could indicate that Boston Scientific Corp. has effective credit and collection policies in place to manage its accounts receivable efficiently.
It is important for the company to monitor its receivables turnover ratio regularly to ensure that it remains stable and in line with industry benchmarks. Any significant deviations from the norm may warrant further investigation into the company's credit management practices and customer payment behaviors.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Receivables Turnover (Quarterly Data)