Hologic Inc (HOLX)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,030,400 | 4,862,800 | 5,632,300 | 3,776,400 | 3,367,300 |
| Receivables | US$ in thousands | 625,600 | 638,100 | 942,700 | 1,028,900 | 648,700 |
| Receivables turnover | 6.44 | 7.62 | 5.97 | 3.67 | 5.19 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,030,400K ÷ $625,600K
= 6.44
The receivables turnover of Hologic, Inc. has fluctuated over the past five years, indicating variations in the company's efficiency in collecting outstanding receivables from customers. The ratio decreased from 7.87 in 2022 to 5.97 in 2021, before increasing to 6.44 in 2023, which may suggest improved efficiency in collecting receivables compared to the previous year. In 2020, the ratio was relatively low at 3.67, indicating a potential challenge in collecting receivables efficiently. However, it improved to 5.74 in 2019. Overall, the trend indicates some variability in the company's effectiveness in managing its accounts receivable, potentially influenced by changes in the company's credit policies or the nature of its customer base.
Peer comparison
Sep 30, 2023