MKS Instruments Inc (MKSI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,260,000 | 3,377,000 | 2,924,200 | 2,300,900 | 1,862,410 |
| Receivables | US$ in thousands | 603,000 | 720,000 | 442,600 | 392,700 | 341,064 |
| Receivables turnover | 5.41 | 4.69 | 6.61 | 5.86 | 5.46 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,260,000K ÷ $603,000K
= 5.41
The receivables turnover ratio for MKS Instruments Inc has fluctuated over the past five years, ranging from 4.69 to 6.61. The ratio indicates how efficiently the company is able to collect payments from its customers. A higher receivables turnover ratio generally suggests that the company is collecting payments more quickly, which is a positive sign of efficient operations.
In 2023, the receivables turnover ratio increased to 5.41 from 4.69 in 2022, indicating an improvement in the company's ability to collect receivables compared to the previous year. However, it was lower compared to the peak ratio of 6.61 in 2021.
Overall, the company has maintained a relatively stable receivables turnover ratio over the past five years, staying within the range of 4.69 to 6.61. This suggests that MKS Instruments Inc has been effectively managing its accounts receivable and collecting payments from customers in a timely manner.
Peer comparison
Dec 31, 2023