LivaNova PLC (LIVN)

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	1,207,181	1,181,723	1,134,930	1,096,381	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
Receivables	US$ in thousands	193,158	197,162	200,889	209,431	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
Receivables turnover		6.25	5.99	5.65	5.24	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,207,181K ÷ $193,158K
= 6.25

The receivables turnover ratio for LivaNova PLC has shown a generally increasing trend over the analyzed periods from March 31, 2020, to December 31, 2024. The ratio has improved from 4.71 in March 2020 to 6.25 in December 2024.

A higher receivables turnover ratio indicates that the company is collecting its accounts receivables more quickly. This can be a positive sign, as it signifies efficient management of accounts receivables, leading to improved cash flow and liquidity.

The company's ability to collect outstanding receivables has been strengthening over time, with minor fluctuations in the ratio observed from period to period. The highest turnover ratio was recorded on December 31, 2024, at 6.25, reflecting a substantial improvement in the collection process.

Overall, the increasing trend in the receivables turnover ratio for LivaNova PLC suggests effective credit and collection policies, efficient management of customer credit, and a healthy relationship with customers regarding timely payments.