LivaNova PLC (LIVN)

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	1,093,987	1,057,777	1,026,749	989,010	971,142	983,022	925,125	933,289	932,621	932,112	974,900	901,723	907,604	925,639	964,065	1,062,089	1,073,680	1,083,073	1,091,319	1,105,702
Receivables	US$ in thousands	215,072	189,871	185,881	178,318	183,110	172,093	176,949	182,112	185,354	182,008	182,180	180,707	184,356	191,892	186,144	225,347	257,769	243,179	256,121	247,059
Receivables turnover		5.09	5.57	5.52	5.55	5.30	5.71	5.23	5.12	5.03	5.12	5.35	4.99	4.92	4.82	5.18	4.71	4.17	4.45	4.26	4.48

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,093,987K ÷ $215,072K
= 5.09

The receivables turnover ratio for LivaNova PLC has been relatively stable over the past eight quarters, ranging from 5.36 to 5.91. This indicates that on average, the company collects its accounts receivable approximately 5.58 to 5.91 times a year. A higher turnover ratio is generally preferable as it suggests that the company is efficient in collecting outstanding payments from its customers.

Despite some fluctuations, the trend in LivaNova PLC's receivables turnover appears to be consistent over the analyzed period. It is important for the company to closely monitor this ratio to ensure timely collection of receivables and efficient management of cash flow. Overall, the stability of the receivables turnover ratio suggests that LivaNova PLC has been effective in managing its accounts receivable and collecting payments from its customers.