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.
Peer comparison
Dec 31, 2023