Intuitive Surgical Inc (ISRG)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	8,961,500	8,492,700	8,113,000	7,821,700	7,616,100	7,306,600	7,073,300	6,797,300	6,548,300	6,326,000	6,171,000	6,121,000	5,900,400	5,678,800	5,338,700	4,705,300	4,491,300	4,439,900	4,466,200	4,687,300
Receivables	US$ in thousands	1,225,400	1,153,000	1,109,100	1,127,900	1,130,200	962,700	904,200	925,300	942,100	849,600	838,500	906,100	782,700	695,000	699,900	654,300	645,500	588,600	508,800	527,600
Receivables turnover		7.31	7.37	7.31	6.93	6.74	7.59	7.82	7.35	6.95	7.45	7.36	6.76	7.54	8.17	7.63	7.19	6.96	7.54	8.78	8.88

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,961,500K ÷ $1,225,400K
= 7.31

The receivables turnover for Intuitive Surgical Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The turnover ratio ranged from a high of 8.88 on March 31, 2020, to a low of 6.74 on December 31, 2023. This indicates how efficiently the company is able to collect its accounts receivables during the respective periods.

The trend in the receivables turnover ratio seems to have experienced some ups and downs, potentially signaling changes in the company's credit policies or the effectiveness of its collections efforts. Generally, a higher turnover ratio suggests that the company is collecting its receivables more quickly, which is positive as it indicates efficient management of working capital. On the other hand, a declining turnover ratio may raise concerns about the company's ability to collect outstanding receivables timely.

It would be advisable for stakeholders to further investigate the reasons behind the fluctuations in the receivables turnover ratio to better understand the company's liquidity position and overall financial health.