Inari Medical Inc (NARI)

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
Revenue (ttm)	US$ in thousands	493,364	469,933	439,579	413,142	382,874	346,212	335,938	306,140	276,785	257,782	209,685	171,036
Receivables	US$ in thousands	70,119	70,919	64,374	56,595	58,611	54,059	49,171	44,950	42,351	38,916	31,497	31,304	28,008	20,837	15,392
Receivables turnover		7.04	6.63	6.83	7.30	6.53	6.40	6.83	6.81	6.54	6.62	6.66	5.46

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $493,364K ÷ $70,119K
= 7.04

Inari Medical Inc's receivables turnover ratio has shown some fluctuations over the past eight quarters, ranging from a low of 6.54 in Q4 2022 to a high of 7.41 in Q1 2023. The average receivables turnover for the period is approximately 6.9. This indicates that, on average, the company collects its accounts receivable approximately 6.9 times during a year.

A higher receivables turnover ratio is generally seen as more favorable as it signifies that the company is collecting its accounts receivable more frequently. However, the consistency in Inari Medical Inc's receivables turnover ratio around the 6.9 level suggests that the company is effectively managing its accounts receivable collection process.

It is crucial to continue monitoring the company's receivables turnover ratio to ensure that it remains stable and in line with industry standards. Additionally, further analysis and comparison with competitors in the industry could provide more insights into the efficiency of Inari Medical Inc's accounts receivable management.