Hologic Inc (HOLX)
Receivables turnover
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,030,300 | 3,960,600 | 3,969,300 | 4,030,400 | 4,038,300 | 4,056,600 | 4,465,800 | 4,862,700 | 5,226,100 | 5,391,700 | 5,493,600 | 5,632,300 | 5,662,700 | 5,317,300 | 4,535,800 | 3,776,500 | 3,295,300 | 3,324,800 | 3,387,100 | 3,367,300 |
| Receivables | US$ in thousands | 600,400 | 647,100 | 670,900 | 625,600 | 686,800 | -39,400 | 694,300 | 638,100 | 723,400 | 849,700 | 1,057,000 | 942,700 | 943,200 | 1,212,300 | 1,216,100 | 1,028,900 | 728,000 | 597,200 | 581,800 | 648,700 |
| Receivables turnover | 6.71 | 6.12 | 5.92 | 6.44 | 5.88 | — | 6.43 | 7.62 | 7.22 | 6.35 | 5.20 | 5.97 | 6.00 | 4.39 | 3.73 | 3.67 | 4.53 | 5.57 | 5.82 | 5.19 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,030,300K ÷ $600,400K
= 6.71
The receivables turnover ratio for Hologic Inc has varied over the years. It measures how efficiently the company collects outstanding receivables from its customers during a specific period. A higher turnover ratio indicates that the company is more efficient in collecting payments from customers, which is generally favorable.
From the data provided:
- The receivables turnover ratio has fluctuated between 3.67 and 7.62 over the past several quarters.
- In the most recent period, as of September 30, 2024, the receivables turnover ratio was 6.71, which indicates that the company collected outstanding receivables approximately 6.71 times during that period.
- The trend in the receivables turnover ratio shows some variability but generally provides a consistent picture of the company's ability to manage its accounts receivable efficiently.
Overall, Hologic Inc's receivables turnover ratio shows that the company has been successful in collecting payments from customers in a timely manner over the periods analyzed. Further analysis and comparison with industry benchmarks could provide additional insights into the company's receivables management efficiency.
Peer comparison
Sep 30, 2024