Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,560,900 | 2,546,100 | 2,549,700 | 2,544,100 | 2,565,100 | 2,583,600 | 2,571,400 | 2,569,200 | 2,550,300 | 2,514,600 | 2,547,800 | 2,272,600 | 2,207,200 | 2,270,200 | |||
| Receivables | US$ in thousands | 407,500 | 417,100 | 415,200 | 401,800 | 393,500 | 392,200 | — | — | 331,900 | — | — | — | 361,000 | — | — | — | — |
| Receivables turnover | 6.28 | 6.10 | 6.14 | 6.33 | 6.52 | 6.59 | — | — | 7.68 | — | — | — | 6.11 | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,560,900K ÷ $407,500K
= 6.28
The receivables turnover ratio for Envista Holdings Corp has shown some fluctuation over the past eight quarters. The highest turnover ratio was observed in Q1 2022 at 7.10, indicating that the company collected its accounts receivable approximately 7.10 times during that quarter. Conversely, the lowest turnover ratio was in Q3 2022 at 6.02.
Overall, there is a general consistency in the turnover ratios, hovering around the range of 6.00 to 7.10, indicating that Envista Holdings Corp has been effective in managing its accounts receivable and collecting payments from customers. However, the slight fluctuations suggest that there may be variations in the company's collections efficiency from quarter to quarter, which could be influenced by factors such as industry trends, sales volume, or customer payment behaviors.
It is important for the company to continue to monitor and analyze its receivables turnover ratios to ensure timely collection of outstanding payments and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023