Intuitive Surgical Inc (ISRG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 | 4,583,900 |
| Receivables | US$ in thousands | 1,130,200 | 942,100 | 782,700 | 645,500 | 645,200 |
| Receivables turnover | 6.74 | 6.95 | 7.63 | 7.04 | 7.10 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,616,100K ÷ $1,130,200K
= 6.74
Intuitive Surgical Inc's receivables turnover ratio has exhibited fluctuations over the past five years. The company's ability to convert its accounts receivable into cash has decreased from 7.30 in 2021 to 6.30 in 2023. This downward trend may indicate challenges in efficiently collecting outstanding receivables or possibly an extended payment period granted to customers. Despite the recent decrease, Intuitive Surgical Inc's receivables turnover remains relatively stable, with values ranging between 6.30 and 7.30 over the analyzed period. Further investigation into the company's credit policies, customer payment behavior, and overall industry trends may be necessary to gain a more detailed understanding of the factors influencing its receivables turnover performance.
Peer comparison
Dec 31, 2023