Intuitive Surgical Inc (ISRG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,961,500 | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 |
| Receivables | US$ in thousands | 1,225,400 | 1,130,200 | 942,100 | 782,700 | 645,500 |
| Receivables turnover | 7.31 | 6.74 | 6.95 | 7.63 | 7.04 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,961,500K ÷ $1,225,400K
= 7.31
From the data provided, we can observe the trend in Intuitive Surgical Inc's receivables turnover ratio over the past five years. The receivables turnover ratio measures how efficiently a company collects outstanding receivables during a specific period.
Intuitive Surgical Inc's receivables turnover ratio increased from 7.04 in December 31, 2020, to 7.63 in December 31, 2021, indicating an improvement in the company's ability to collect receivables. However, there was a slight decline in the ratio to 6.95 in December 31, 2022, followed by a further decrease to 6.74 in December 31, 2023.
Despite these drops, the ratio rebounded to 7.31 in December 31, 2024, showing a recovery in the company's receivables turnover efficiency. Overall, the trend in Intuitive Surgical Inc's receivables turnover suggests fluctuations in the efficiency of its receivables collection process, with a general positive direction over the five-year period.
Peer comparison
Dec 31, 2024