Henry Schein Inc (HSIC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,673,000 | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 |
| Receivables | US$ in thousands | 1,482,000 | 1,863,000 | 1,442,000 | 1,451,830 | 1,424,790 |
| Receivables turnover | 8.55 | 6.58 | 8.74 | 8.53 | 7.07 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,673,000K ÷ $1,482,000K
= 8.55
The receivables turnover for Henry Schein Inc has shown some fluctuations over the past five years.
- In December 31, 2020, the receivables turnover was 7.07, indicating that the company collected its accounts receivable approximately 7 times during that year.
- Subsequently, the receivables turnover increased to 8.53 in December 31, 2021, and continued to rise to 8.74 in December 31, 2022. These increases suggest that the company improved its efficiency in collecting receivables during these years.
- However, in December 31, 2023, the receivables turnover dropped to 6.58, which may indicate a delay in collecting receivables or changes in the company's credit policies.
- The ratio then rebounded to 8.55 in December 31, 2024, approaching the levels seen in the earlier years.
Overall, the trend in receivables turnover for Henry Schein Inc indicates variations in the company's ability to collect its accounts receivable efficiently. Further analysis would be needed to understand the underlying reasons for these fluctuations and to assess the impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024