Merit Medical Systems Inc (MMSI)

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	1,241,203	1,213,421	1,188,414	1,165,681	1,144,662	1,131,114	1,111,439	1,096,568	1,069,451	1,049,645	1,025,702	962,507	955,554	955,472	953,411	990,405	985,453	960,780	940,439	909,348
Receivables	US$ in thousands	188,402	181,400	183,624	184,741	177,669	166,655	169,428	167,607	170,064	161,439	161,819	159,033	154,415	150,030	147,006	159,296	165,381	156,434	167,964	157,182
Receivables turnover		6.59	6.69	6.47	6.31	6.44	6.79	6.56	6.54	6.29	6.50	6.34	6.05	6.19	6.37	6.49	6.22	5.96	6.14	5.60	5.79

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,241,203K ÷ $188,402K
= 6.59

The receivables turnover ratio for Merit Medical Systems, Inc. has been relatively stable over the past eight quarters, ranging between 6.31 and 6.65. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers within a given period.

A higher receivables turnover ratio typically suggests that the company is effective in managing its credit policies and collecting payments promptly. In the case of Merit Medical Systems, Inc., the average turnover ratio of approximately 6.51 indicates that the company collects its accounts receivables roughly 6.51 times per year.

Overall, the consistency of the receivables turnover ratio for Merit Medical Systems, Inc. suggests that the company has been effectively managing its accounts receivables and maintaining a steady collection process over the past two years.