Mesa Laboratories Inc (MLAB)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	237,747	228,380	223,712	216,187	212,874	213,688	219,272	219,080	222,368	222,777	199,868	184,335	163,420	142,896	138,916	133,937	130,181	127,664	121,340	117,687
Receivables	US$ in thousands	38,647	40,234	35,568	39,055	36,023	36,340	35,595	42,551	42,395	41,809	41,840	41,224	37,289	22,636	20,578	23,787	20,410	18,563	17,929	21,132
Receivables turnover		6.15	5.68	6.29	5.54	5.91	5.88	6.16	5.15	5.25	5.33	4.78	4.47	4.38	6.31	6.75	5.63	6.38	6.88	6.77	5.57

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $237,747K ÷ $38,647K
= 6.15

The receivables turnover of Mesa Laboratories Inc has shown some fluctuations over the reported periods. Starting at 5.57 for March 31, 2020, the ratio increased to a peak of 6.88 by September 30, 2020, signaling that the company was able to collect its accounts receivable more frequently during that period. However, it decreased to 4.38 by December 31, 2021, indicating a potential slowdown in the collection of receivables.

The ratio recovered slightly to 5.33 by September 30, 2022, but remained below the levels seen in 2020. Subsequently, it fluctuated between 4.47 and 6.29 through June 30, 2024. Overall, Mesa Laboratories Inc's receivables turnover ratio has experienced varying levels of efficiency in collecting outstanding receivables over the analyzed periods, likely influenced by factors such as changes in credit policies, customer payment behavior, or overall economic conditions.