Mesa Laboratories Inc (MLAB)

Receivables turnover

		Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	240,978	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
Receivables	US$ in thousands	41,970	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
Receivables turnover		5.74	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

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $240,978K ÷ $41,970K
= 5.74

Mesa Laboratories Inc's receivables turnover trend shows fluctuations over the past few years. The turnover ratio, which represents how efficiently the company collects its accounts receivable, has ranged from a low of 4.38 for the quarter ending December 31, 2021, to a high of 6.88 for the quarter ending September 30, 2020.

Overall, Mesa Laboratories Inc has maintained an average receivables turnover ratio of around 5.8 over the period covered in the data. A decreasing trend in the receivables turnover ratio can indicate potential issues with collecting outstanding payments from customers, while an increasing trend may suggest improved efficiency in managing accounts receivable.

It's important for Mesa Laboratories Inc to monitor its receivables turnover ratio closely to ensure timely collection of receivables and maintain healthy cash flows. Further analysis and comparison with industry benchmarks can provide additional insights into the company's credit and collection policies.