Henry Schein Inc (HSIC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 | 10,185,200 |
| Receivables | US$ in thousands | 1,863,000 | 1,442,000 | 1,451,830 | 1,424,790 | 1,246,250 |
| Receivables turnover | 6.58 | 8.74 | 8.53 | 7.07 | 8.17 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,252,000K ÷ $1,863,000K
= 6.58
Henry Schein Inc's receivables turnover has fluctuated over the past five years. In 2023, the company's receivables turnover ratio was 6.58, which indicates that the company collected its accounts receivable approximately 6.58 times during the year.
Comparing this to previous years, we see a decrease from 8.74 in 2022 and 8.53 in 2021. This could suggest a potential slowdown in the company's collection of accounts receivable in 2023. However, it is important to note that the 2023 ratio of 6.58 is still higher than the ratio of 7.07 in 2020.
Overall, while the receivables turnover ratio has exhibited some variability, it is essential for Henry Schein Inc to continue monitoring and managing its accounts receivable effectively to ensure timely collections and maintain healthy cash flows.
Peer comparison
Dec 31, 2023