Medtronic PLC (MDT)
Receivables turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,537,000 | 33,199,000 | 34,610,000 | 34,296,000 | 34,282,000 | 33,677,000 | 31,778,000 | 31,391,000 | 31,065,000 | 31,626,000 | 33,220,000 | 33,245,000 | 33,240,000 | 32,280,000 | 30,315,000 | 29,959,000 | 29,518,000 | 30,022,000 | 30,506,000 | 30,898,000 |
| Receivables | US$ in thousands | 6,515,000 | 6,115,000 | 6,260,000 | 6,011,000 | 6,128,000 | 6,128,000 | 5,968,000 | 5,968,000 | 5,934,000 | 5,934,000 | 5,806,000 | 5,806,000 | 5,998,000 | 5,998,000 | 5,887,000 | 5,887,000 | 5,626,000 | 5,626,000 | 5,308,000 | 5,308,000 |
| Receivables turnover | 5.15 | 5.43 | 5.53 | 5.71 | 5.59 | 5.50 | 5.32 | 5.26 | 5.24 | 5.33 | 5.72 | 5.73 | 5.54 | 5.38 | 5.15 | 5.09 | 5.25 | 5.34 | 5.75 | 5.82 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $33,537,000K ÷ $6,515,000K
= 5.15
The receivables turnover ratio for Medtronic PLC has fluctuated over the past few years, ranging from 5.09 to 5.82. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period. A higher ratio suggests that the company is collecting its outstanding receivables more quickly.
Looking at the trend, we can see that the receivables turnover ratio has generally remained within a narrow range, with slight fluctuations. This consistency indicates that Medtronic PLC has been able to effectively manage its accounts receivable turnover over the period in question.
Overall, a receivables turnover ratio of around 5 to 5.82 suggests that Medtronic PLC has been able to efficiently convert its outstanding receivables into cash multiple times over the years, which is a positive sign of the company's strong credit control and efficient collection practices.
Peer comparison
Apr 30, 2025