Medtronic PLC (MDT)
Receivables turnover
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 | 31,686,000 |
| Receivables | US$ in thousands | — | 6,128,000 | — | 5,998,000 | — |
| Receivables turnover | — | 5.38 | — | 5.26 | — |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $32,364,000K ÷ $—K
= —
The receivables turnover ratio for Medtronic PLC shows a fluctuating trend over the years. In April 2023, the ratio was 5.26, indicating that the company collected its accounts receivable approximately 5.26 times during that period. This suggests that the company was efficient in collecting outstanding receivables. However, in April 2024, the ratio slightly increased to 5.38, which could signify an improvement in the company's receivables management process. Overall, the consistent levels of receivables turnover demonstrate Medtronic PLC's ability to efficiently collect payments from its customers.
Peer comparison
Apr 30, 2024