Medtronic PLC (MDT)
Receivables turnover
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,983,000 | 32,678,000 | 32,347,000 | 31,976,000 | 31,530,000 | 30,049,000 | 30,129,000 | 30,435,000 | 31,156,000 | 31,285,000 | 31,267,000 | 30,705,000 | 29,191,000 | 27,143,000 | 27,072,000 | 27,436,000 | 27,578,000 | 29,726,000 | 29,468,000 | 29,167,000 |
| Receivables | US$ in thousands | 6,128,000 | 5,968,000 | 5,934,000 | 5,806,000 | 5,998,000 | 5,887,000 | 5,626,000 | 5,308,000 | 5,551,000 | 5,446,000 | 5,493,000 | 5,431,000 | 5,462,000 | 5,215,000 | 5,348,000 | 4,876,000 | 4,645,000 | 6,248,000 | 6,118,000 | 5,894,000 |
| Receivables turnover | 5.38 | 5.48 | 5.45 | 5.51 | 5.26 | 5.10 | 5.36 | 5.73 | 5.61 | 5.74 | 5.69 | 5.65 | 5.34 | 5.20 | 5.06 | 5.63 | 5.94 | 4.76 | 4.82 | 4.95 |
April 26, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $32,983,000K ÷ $6,128,000K
= 5.38
The receivables turnover ratio for Medtronic PLC has remained relatively stable over the past twenty quarterly periods, ranging from a low of 4.76 to a high of 5.94. This indicates that, on average, the company collects its accounts receivable approximately 5 to 6 times a year. A consistent receivables turnover ratio suggests that Medtronic PLC has been efficient in managing its accounts receivable and collecting outstanding payments from its customers. However, it would be useful to compare this ratio with industry benchmarks or with the company's historical performance to gain further insights into its receivables management efficiency.
Peer comparison
Apr 26, 2024