Medtronic PLC (MDT)

Receivables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022
Revenue (ttm)	US$ in thousands	33,199,000	34,610,000	34,296,000	34,282,000	33,677,000	31,778,000	31,391,000	31,065,000	31,625,000	33,219,000	33,244,000	33,239,000	32,280,000	30,315,000	29,959,000	29,518,000	30,022,000	30,506,000	30,898,000	31,419,000
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	—
Receivables turnover		—	—	—	—	5.50	—	5.26	—	5.33	—	5.73	—	5.38	—	5.09	—	5.34	—	5.82	—

January 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $33,199,000K ÷ $—K
= —

The receivables turnover ratio for Medtronic PLC has been showing a consistent trend over the past few quarters, indicating the company's ability to efficiently collect outstanding receivables from its customers. The ratio ranges between 5.09 and 5.73, implying that, on average, Medtronic is able to collect its accounts receivable approximately 5 times within a year.

A higher receivables turnover ratio is generally seen as a positive indicator, as it suggests that the company is efficiently managing its credit sales and collecting payments promptly. However, it is important to note that a very high ratio could also indicate overly aggressive credit policies that may impact sales.

The fact that there are missing values in the data set, marked as "—," for certain periods could be due to seasonal fluctuations, changes in customer payment behavior, or other operational factors. Monitoring the receivables turnover ratio over time can provide valuable insights into Medtronic's liquidity position and credit management practices.