MKS Instruments Inc (MKSI)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,259,000 | 3,467,000 | 3,500,000 | 3,343,000 | 3,377,000 | 3,132,600 | 2,994,200 | 2,979,700 | 2,924,200 | 2,826,800 | 2,674,400 | 2,468,000 | 2,307,300 | 2,146,751 | 2,019,233 | 1,943,569 | 1,871,211 | 1,832,101 | 1,859,852 | 1,967,634 |
| Receivables | US$ in thousands | 603,000 | 618,000 | 631,000 | 572,000 | 720,000 | 730,000 | 481,000 | 480,000 | 442,600 | 443,400 | 431,700 | 420,800 | 392,700 | 363,900 | 381,100 | 381,000 | 341,064 | 327,983 | 313,530 | 335,990 |
| Receivables turnover | 5.40 | 5.61 | 5.55 | 5.84 | 4.69 | 4.29 | 6.22 | 6.21 | 6.61 | 6.38 | 6.20 | 5.87 | 5.88 | 5.90 | 5.30 | 5.10 | 5.49 | 5.59 | 5.93 | 5.86 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,259,000K ÷ $603,000K
= 5.40
Receivables turnover is a key financial ratio that measures how efficiently a company collects cash from its customers. In the case of MKS Instruments Inc, the receivables turnover ratio has fluctuated over the past few quarters.
The trend in MKS Instruments Inc's receivables turnover ratio shows variations, with the ratio ranging from a low of 4.29 to a high of 6.61 over the analyzed periods. Generally, a higher turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is typically a positive sign of efficiency in managing its working capital.
It is worth noting that the company's receivables turnover has demonstrated some volatility, which could be influenced by factors such as sales volume, credit policies, and industry trends. Overall, the average receivables turnover ratio for MKS Instruments Inc appears to be around 5.70, suggesting that, on average, the company collects its outstanding receivables approximately 5.70 times a year.
Further analysis and comparison with industry benchmarks or historical data may provide additional insights into MKS Instruments Inc's effectiveness in managing its accounts receivable and its overall financial performance.
Peer comparison
Dec 31, 2023