Masimo Corporation (MASI)
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 | 2,047,100 | 2,130,300 | 2,204,300 | 2,322,800 | 2,062,041 | 1,774,419 | 1,519,833 | 1,244,351 | 1,239,153 | 1,206,629 | 1,177,327 | 1,173,162 | 1,143,744 | 1,096,200 | 1,047,099 | 975,798 | 937,837 | 913,459 | 895,031 | 877,000 |
| Receivables | US$ in thousands | 384,100 | 383,700 | 373,700 | — | 19,100 | — | — | — | 203,175 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.33 | 5.55 | 5.90 | — | 107.96 | — | — | — | 6.10 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,047,100K ÷ $384,100K
= 5.33
The receivables turnover ratio for Masimo Corporation has shown some fluctuations over the recent quarters. The ratio was 5.33 at the end of December 2023, increased to 5.55 by the end of September 2023, and further improved to 5.90 by June 2023. However, there seems to be missing data for the previous quarters.
The sudden increase in the ratio indicates that Masimo Corporation is collecting its accounts receivables more frequently within the given period. A higher receivables turnover ratio signifies efficient management of receivables and potentially represents a quicker conversion of credit sales into cash, which is a positive indicator of the company's liquidity and operational efficiency.
It is important to note that a receivables turnover ratio of 107.96 was reported at the end of December 2022, which seems unusually high and could be an outlier or related to specific circumstances like large one-time collections of receivables.
Overall, the trend of increasing receivables turnover ratio from Q1 to Q3 of 2023 is generally positive and indicates that Masimo Corporation is effectively managing its accounts receivable and collecting cash from its customers in a timely manner.
Peer comparison
Dec 31, 2023