3D Systems Corporation (DDD)

Receivables turnover

		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	Jun 30, 2019
Revenue (ttm)	US$ in thousands	518,086	512,115	494,096	504,761	517,903	530,889	553,131	577,728	600,986	653,777	677,032	655,987	605,384	554,394	546,312	566,368	611,477	628,898	645,040	654,360
Receivables	US$ in thousands	108,867	106,919	104,516	97,769	94,677	93,886	100,310	107,013	107,241	106,540	89,926	88,618	98,117	114,254	98,755	97,708	108,769	109,408	110,333	114,093
Receivables turnover		4.76	4.79	4.73	5.16	5.47	5.65	5.51	5.40	5.60	6.14	7.53	7.40	6.17	4.85	5.53	5.80	5.62	5.75	5.85	5.74

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $518,086K ÷ $108,867K
= 4.76

The receivables turnover ratio for 3D Systems Corporation has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is able to collect payments from its customers during a specific period.

From the data provided, we observe that the receivables turnover ratio ranged from a low of 4.73 to a high of 7.53 over the last two years. The trend in the ratio suggests that the company's collection efficiency varied during this period.

In the most recent quarter, the receivables turnover ratio was 4.76, which indicates that the company collected its receivables approximately 4.76 times during the quarter. This ratio was slightly lower than the previous quarter but still within a relatively stable range.

Overall, a receivables turnover ratio above 1 indicates that the company is collecting receivables efficiently. A higher turnover ratio generally indicates better liquidity and effective management of accounts receivable. However, it is essential to consider industry benchmarks and trends over time to gain a clearer understanding of the company's performance in managing its receivables.