Catalent Inc (CTLT)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,381,000 | 4,263,000 | 4,802,000 | 3,998,000 | 3,094,000 |
| Receivables | US$ in thousands | 921,000 | 1,002,000 | 1,051,000 | 1,012,000 | 838,100 |
| Receivables turnover | 4.76 | 4.25 | 4.57 | 3.95 | 3.69 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,381,000K ÷ $921,000K
= 4.76
The receivables turnover for Catalent Inc has shown a fluctuating trend over the past five years. The ratio increased from 3.69 in June 2020 to 4.57 in June 2022, indicating an improvement in the efficiency of collecting receivables. However, it decreased in the following year to 4.25 before rising to 4.76 in June 2024.
A higher receivables turnover ratio generally indicates that the company is more efficient in collecting payments from its customers. The company's ability to convert accounts receivable into cash has generally improved over the period under analysis. This trend suggests that Catalent Inc has been effectively managing its credit and collection policies, leading to a quicker turnover of receivables.
Overall, the upward trend in the receivables turnover ratio for Catalent Inc is a positive indicator of the company's financial health and operational efficiency in managing its accounts receivable.
Peer comparison
Jun 30, 2024