Catalent Inc (CTLT)
Receivables turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,630,900 |
| Receivables | US$ in thousands | 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 | 647,900 |
| Receivables turnover | 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 | 4.06 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,381,000K ÷ $921,000K
= 4.76
The receivables turnover ratio for Catalent Inc has shown fluctuation over the past few quarters. The ratio was 4.76 as of June 30, 2024, which indicates that the company collected its accounts receivables approximately 4.76 times during that period.
Comparing this to previous periods, the ratio has ranged from a low of 3.95 on March 31, 2021, to a high of 7.74 on December 31, 2020. Generally, a higher receivables turnover ratio is seen as more favorable as it suggests that the company is efficiently collecting its receivables.
It is worth noting that the ratio has shown some variability, which could be influenced by factors such as changes in credit policies, customer payment behavior, or the overall economic environment. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the effectiveness of Catalent Inc's accounts receivables management.
Peer comparison
Jun 30, 2024