Haemonetics Corporation (HAE)
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 | 2,596,175 | 2,424,725 | 2,393,776 | 2,373,078 | 2,323,237 | 1,114,154 | 1,068,622 | 1,011,034 | 987,485 | 954,649 | 935,251 | 904,840 | 862,112 | 882,733 | 901,332 | 944,412 | 989,857 | 1,000,660 | 989,046 | 978,061 |
Receivables | US$ in thousands | 206,562 | 211,611 | 174,249 | 177,117 | 179,142 | 181,100 | — | — | 159,376 | — | — | — | 127,555 | 146,939 | 141,533 | 141,094 | 165,207 | 170,753 | 176,535 | 163,339 |
Receivables turnover | 12.57 | 11.46 | 13.74 | 13.40 | 12.97 | 6.15 | — | — | 6.20 | — | — | — | 6.76 | 6.01 | 6.37 | 6.69 | 5.99 | 5.86 | 5.60 | 5.99 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,596,175K ÷ $206,562K
= 12.57
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a certain period. A higher receivables turnover ratio suggests that a company is collecting its outstanding receivables more quickly, which is generally a positive indicator of liquidity and efficiency.
Analyzing the receivables turnover ratio of Haemonetics Corporation over the past few quarters reveals some fluctuations. The company experienced a significant increase in receivables turnover from 6.15 in Dec 31, 2022, to 12.97 in Mar 31, 2023, indicating a notable improvement in the efficiency of collecting receivables. However, this ratio dropped to 6.20 in Mar 31, 2022, before increasing again to 13.40 in Jun 30, 2023.
On average, the receivables turnover ratio for Haemonetics Corporation has been relatively stable over the past few quarters, with an average turnover of around 10-12 times annually. This suggests that the company has been moderately effective in managing its accounts receivable and collecting payments from customers.
It is worth noting that the receivables turnover ratio can be influenced by various factors such as industry norms, credit policies, and economic conditions. Further analysis could be conducted to understand the specific reasons behind the fluctuations in Haemonetics Corporation's receivables turnover and to assess the overall impact on the company's financial performance and liquidity position.
Peer comparison
Mar 31, 2024