Johnson & Johnson (JNJ)
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 | 88,452,000 | 87,541,000 | 86,229,000 | 88,966,000 | 88,632,000 | 87,176,000 | 85,962,000 | 84,760,000 | 87,282,000 | 91,851,000 | 95,224,000 | 94,514,000 | 93,356,000 | 91,027,000 | 88,747,000 | 83,766,000 | 82,174,000 | 80,742,000 | 80,385,000 | 82,573,000 |
| Receivables | US$ in thousands | 14,842,000 | 16,174,000 | 15,794,000 | 14,946,000 | 14,873,000 | 14,798,000 | 16,777,000 | — | 16,160,000 | — | — | — | 15,283,000 | — | — | — | — | — | — | — |
| Receivables turnover | 5.96 | 5.41 | 5.46 | 5.95 | 5.96 | 5.89 | 5.12 | — | 5.40 | — | — | — | 6.11 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $88,452,000K ÷ $14,842,000K
= 5.96
The receivables turnover ratio for Johnson & Johnson has been relatively stable over the past few years, ranging between 5.12 and 6.11. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
A higher receivables turnover ratio suggests that Johnson & Johnson is more effective in converting its credit sales into cash, which is a positive indicator of the company's liquidity and strong management of accounts receivable. On the other hand, a lower ratio may signal potential issues with collections or credit policies.
Overall, the consistency in Johnson & Johnson's receivables turnover ratio implies that the company has been managing its accounts receivable effectively, maintaining a balance between offering credit to customers and ensuring timely collections. This can contribute to the company's financial stability and cash flow management.
Peer comparison
Dec 31, 2024