Integer Holdings Corp (ITGR)
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 | 1,533,846 | 1,492,296 | 1,435,589 | 1,388,858 | 1,330,022 | 1,281,365 | 1,247,921 | 1,209,740 | 1,187,800 | 1,149,039 | 1,089,308 | 1,025,616 | 1,073,442 | 1,130,120 | 1,184,617 | 1,246,095 | 1,218,156 | 1,195,553 | 1,146,376 | 1,143,613 |
| Receivables | US$ in thousands | 240,275 | 231,159 | 239,556 | 252,569 | 226,328 | 225,707 | — | — | 187,045 | — | — | — | 158,294 | — | — | — | — | — | — | — |
| Receivables turnover | 6.38 | 6.46 | 5.99 | 5.50 | 5.88 | 5.68 | — | — | 6.35 | — | — | — | 6.78 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,533,846K ÷ $240,275K
= 6.38
The receivables turnover ratio for Integer Holdings Corp has shown stability over the past eight quarters, ranging from 5.65 to 6.73. This ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.
In Q3 2023, the receivables turnover ratio was 6.73, reaching its highest point in the observed period. This suggests that Integer Holdings Corp was able to collect payments from customers at a faster rate during that quarter. However, in Q1 2023, the ratio decreased to 5.72, indicating a slower collection of receivables compared to Q3 2023.
On average, the company's receivables turnover ratio over the past eight quarters stands at approximately 6.18. This suggests that Integer Holdings Corp generally manages its accounts receivable efficiently, with a consistent ability to convert credit sales into cash. Overall, the company's performance in collecting receivables appears to be stable and within an acceptable range.
Peer comparison
Dec 31, 2023