Merit Medical Systems Inc (MMSI)

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 1,346,822 1,311,388 1,282,089 1,260,472 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
Receivables US$ in thousands 206,831 205,156 193,027 191,643 188,402 181,400 183,624 184,741 177,669 166,655 169,428 167,607 170,064 161,439 161,819 159,033 154,415 150,030 147,006 159,296
Receivables turnover 6.51 6.39 6.64 6.58 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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,346,822K ÷ $206,831K
= 6.51

The receivables turnover ratio for Merit Medical Systems Inc has been consistently within a narrow range over the past few years, ranging from 6.05 to 6.79. This indicates that the company is able to convert its accounts receivable into cash approximately 6 to 7 times a year. A higher turnover ratio suggests that the company is efficient in collecting payments from its customers, which is a positive sign of effective credit management and liquidity. However, it is important to note that changes in the receivables turnover ratio should be analyzed in conjunction with other financial ratios and factors to assess the overall financial health and performance of the company.