Envista Holdings Corp (NVST)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,507,800 | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 |
| Receivables | US$ in thousands | 363,000 | 407,500 | 393,500 | 331,900 | 361,000 |
| Receivables turnover | 6.91 | 6.30 | 6.53 | 7.56 | 5.34 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,507,800K ÷ $363,000K
= 6.91
The receivables turnover of Envista Holdings Corp has exhibited some fluctuations over the past five years. It increased from 5.34 in December 31, 2020, to 7.56 in December 31, 2021, indicating a significant improvement in collecting receivables efficiently. However, in the subsequent years, the turnover ratio slightly decreased to 6.53 in December 31, 2022, 6.30 in December 31, 2023, before increasing again to 6.91 in December 31, 2024. Overall, the company's ability to convert receivables into cash has been relatively healthy over this period, with the ratio hovering around 6 to 7 times per year. It suggests that Envista Holdings Corp manages its accounts receivable effectively, maintaining a balance between sales and collection activities.
Peer comparison
Dec 31, 2024