Henry Schein Inc (HSIC)
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 | 12,266,000 | 12,632,000 | 12,551,000 | 12,491,000 | 12,603,000 | 12,573,770 | 12,696,850 | 12,636,700 | 12,383,180 | 12,225,710 | 11,875,670 | 10,588,730 | 10,091,310 | 9,779,720 | 9,447,070 | 10,208,200 | 10,131,110 | 10,650,600 | 11,433,890 | 12,325,530 |
| Receivables | US$ in thousands | 1,863,000 | 1,573,000 | 1,468,000 | — | 1,442,000 | 1,507,000 | 1,409,000 | 1,444,000 | 1,451,830 | 1,551,950 | 1,356,880 | 1,317,550 | 1,424,790 | 1,407,680 | 1,101,200 | 1,198,740 | 1,246,250 | 1,278,940 | 1,203,920 | 1,193,050 |
| Receivables turnover | 6.58 | 8.03 | 8.55 | — | 8.74 | 8.34 | 9.01 | 8.75 | 8.53 | 7.88 | 8.75 | 8.04 | 7.08 | 6.95 | 8.58 | 8.52 | 8.13 | 8.33 | 9.50 | 10.33 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,266,000K ÷ $1,863,000K
= 6.58
Receivables turnover is a key financial ratio that measures how efficiently a company is collecting its accounts receivable. In the case of Henry Schein Inc, the receivables turnover has fluctuated over the past few periods.
As of December 31, 2023, the receivables turnover was 6.58, indicating that on average, accounts receivable turned over approximately 6.58 times during the year. This was a decrease from the previous period but was higher compared to the same period the year before.
Overall, the trend in receivables turnover for Henry Schein Inc has shown some variability, but the company generally appears to be efficient in collecting its receivables. It is important to monitor this ratio over time to ensure that the company is managing its accounts receivable effectively and collecting payments from customers in a timely manner.
Peer comparison
Dec 31, 2023