Medtronic PLC (MDT)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,537,000 | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 |
| Receivables | US$ in thousands | 6,515,000 | 6,128,000 | 6,128,000 | 5,998,000 | 5,998,000 |
| Receivables turnover | 5.15 | 5.28 | 5.38 | 5.21 | 5.26 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $33,537,000K ÷ $6,515,000K
= 5.15
The receivables turnover ratio for Medtronic PLC has shown relatively stable performance over the past few years. The ratio has ranged from 5.15 to 5.38, indicating that, on average, the company is able to collect its accounts receivable approximately 5 times within a given period. A higher turnover ratio generally suggests that the company is efficient in collecting payments from its customers, while a lower ratio may indicate potential issues with collecting receivables in a timely manner. Overall, the consistency in the receivables turnover ratio reflects Medtronic PLC's effectiveness in managing its accounts receivable and generating cash flow from its sales.
Peer comparison
Apr 30, 2025