Catalent Inc (CTLT)
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 | 4,422,000 | 4,381,000 | 4,135,000 | 4,098,000 | 4,223,000 | 4,263,000 | 4,495,000 | 4,731,000 | 4,799,000 | 4,802,000 | 4,703,000 | 4,483,000 | 4,177,000 | 3,998,000 | 5,904,000 | 5,611,600 | 5,422,000 | 5,240,700 | 2,872,400 | 2,729,300 |
| Receivables | US$ in thousands | 760,000 | 921,000 | 875,000 | 843,000 | 830,000 | 1,002,000 | 1,049,000 | 916,000 | 989,000 | 1,051,000 | 932,000 | 871,000 | 831,000 | 1,012,000 | 834,900 | 771,500 | 700,900 | 838,100 | 698,700 | 681,000 |
| Receivables turnover | 5.82 | 4.76 | 4.73 | 4.86 | 5.09 | 4.25 | 4.29 | 5.16 | 4.85 | 4.57 | 5.05 | 5.15 | 5.03 | 3.95 | 7.07 | 7.27 | 7.74 | 6.25 | 4.11 | 4.01 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,422,000K ÷ $760,000K
= 5.82
The receivables turnover ratio for Catalent Inc has shown some fluctuations over the past few quarters. As of September 30, 2024, the receivables turnover stands at 5.82 times. This indicates that, on average, Catalent Inc collects its accounts receivables approximately 5.82 times during the period.
Looking at the trend over the last few quarters, we can observe that the receivables turnover ratio has generally been within the range of 4.25 to 7.74 times. There was a notable spike in the receivables turnover ratio in the first quarter of 2021, reaching 7.07 times, which then increased further to 7.27 and 7.74 times in subsequent quarters.
A higher receivables turnover ratio is generally preferred as it signifies that the company is collecting its outstanding receivables more frequently, which can indicate efficient management of accounts receivable and potentially better liquidity.
However, it's essential to consider industry norms and peer comparisons to gain a more comprehensive understanding of Catalent Inc's receivables turnover performance and to assess whether the current ratio is optimal or if there is room for improvement. Tracking changes in receivables turnover over time can provide insights into the effectiveness of the company's credit policies and collection efforts.
Peer comparison
Sep 30, 2024