Enovis Corp (ENOV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,699,490 | 1,524,550 | 3,751,870 | 2,959,420 | 3,222,130 |
| Receivables | US$ in thousands | 291,483 | 267,380 | 638,700 | 517,006 | 561,865 |
| Receivables turnover | 5.83 | 5.70 | 5.87 | 5.72 | 5.73 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,699,490K ÷ $291,483K
= 5.83
The receivables turnover for Enovis Corp has been relatively stable over the past five years, with values ranging from 5.85 to 6.03. This indicates that the company is efficient in collecting its accounts receivable, on average, approximately 5 to 6 times per year. A higher receivables turnover ratio suggests that Enovis is managing its credit sales and collection process effectively, converting its accounts receivable into cash quickly. This stability in the receivables turnover ratio over the years demonstrates consistency in Enovis' ability to efficiently collect payments from customers, which is a positive sign of the company's financial health and management of working capital.
Peer comparison
Dec 31, 2023