Mesa Laboratories Inc (MLAB)

Receivables turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	216,187	219,080	184,335	133,937	117,687
Receivables	US$ in thousands	39,055	42,551	41,224	23,787	21,132
Receivables turnover		5.54	5.15	4.47	5.63	5.57

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $216,187K ÷ $39,055K
= 5.54

Mesa Laboratories Inc's receivables turnover ratio has shown some variability over the past five years. The ratio measures the efficiency of the company in collecting outstanding receivables from customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.

In the most recent year, as of March 31, 2024, Mesa Laboratories Inc had a receivables turnover of 5.54, which was higher than the previous year's 5.15. This suggests that the company improved its efficiency in collecting receivables from customers. However, it is important to note that receivables turnover was lower in the years 2022 and 2020 compared to the current year.

Overall, Mesa Laboratories Inc's receivables turnover has been relatively stable over the past five years, with fluctuations observed year over year. The company should continue to monitor and manage its receivables effectively to ensure a healthy cash flow and efficient operations.