GE HealthCare Technologies Inc. (GEHC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 19,108,000 | 18,952,000 | 18,199,000 |
| Receivables | US$ in thousands | 102,000 | -1,000 | 3,409,000 |
| Receivables turnover | 187.33 | — | 5.34 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $19,108,000K ÷ $102,000K
= 187.33
Looking at the receivables turnover ratio of GE HealthCare Technologies Inc., we can observe the following trends:
1. December 31, 2022: The receivables turnover ratio for 2022 stands at 5.34. This indicates that GE HealthCare Technologies Inc. collects its accounts receivables approximately 5.34 times during the year. It suggests that the company is able to efficiently collect payments from its customers, which is generally a positive sign.
2. December 31, 2023: Unfortunately, the receivables turnover ratio for 2023 is not provided in the data (denoted as "—"). This lack of information makes it challenging to assess the company's ability to collect its receivables in that specific year.
3. December 31, 2024: The receivables turnover ratio for 2024 spiked significantly to 187.33. Such a high turnover ratio could indicate that GE HealthCare Technologies Inc. has improved its collection process dramatically or that there have been significant changes in the company's receivables management practices.
In conclusion, based on the data provided, GE HealthCare Technologies Inc. has shown a varying trend in its receivables turnover ratio over the years, ranging from a moderate turnover rate in 2022 to an exceptionally high turnover rate in 2024. It is crucial for the company to continue monitoring and managing its receivables efficiently to ensure a healthy cash flow and financial stability.
Peer comparison
Dec 31, 2024