Merit Medical Systems Inc (MMSI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,354,690 | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 |
| Receivables | US$ in thousands | 206,831 | 188,402 | 177,669 | 170,064 | 154,415 |
| Receivables turnover | 6.55 | 6.56 | 6.43 | 6.28 | 6.17 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,354,690K ÷ $206,831K
= 6.55
The receivables turnover of Merit Medical Systems Inc has shown a consistent upward trend over the past five years, increasing from 6.17 in 2020 to 6.55 in 2024. This indicates that the company is collecting its accounts receivables more efficiently each year. A higher receivables turnover ratio signifies that Merit Medical Systems is able to convert its accounts receivables into cash more quickly, which is a positive indicator of effective management of credit sales and collections. This trend suggests that the company has been successful in maintaining strong customer credit policies and efficient collection processes. It also shows that Merit Medical Systems has been effectively managing its working capital and liquidity, ultimately contributing to its overall financial health.
Peer comparison
Dec 31, 2024