Hologic Inc (HOLX)
Receivables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,315,000 | 3,286,600 |
| Receivables | US$ in thousands | 670,900 | 625,600 | 686,800 | — | 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 | 586,800 | 557,500 |
| Receivables turnover | 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 | 5.65 | 5.90 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,969,300K ÷ $670,900K
= 5.92
The receivables turnover ratio for Hologic Inc has shown some fluctuations over the past few quarters. In the most recent quarter, the ratio was 5.92, indicating that the company collected its accounts receivable approximately 5.92 times during the period.
Looking at the trend over the past few quarters, we see that the ratio has varied between 3.67 and 7.62. There was a significant increase in receivables turnover from Q4 2020 to Q3 2022, reaching a peak of 7.62 in Q3 2022. However, the ratio has slightly decreased in the most recent quarter compared to the previous quarter.
Overall, the trend in the receivables turnover ratio suggests some fluctuation in the efficiency of Hologic Inc in collecting its accounts receivable in recent quarters. The company should continue to monitor this ratio to ensure effective management of its accounts receivable in the future.
Peer comparison
Dec 31, 2023