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)