Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,494,900 | 2,534,300 | 2,549,200 | 2,561,100 | 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 | 363,000 | 392,100 | 380,600 | 413,000 | 407,500 | 417,100 | 415,200 | 401,800 | 393,500 | 392,200 | — | — | 331,900 | — | — | — | 361,000 | — |
| Receivables turnover | 6.87 | 6.46 | 6.70 | 6.20 | 6.28 | 6.10 | 6.14 | 6.33 | 6.52 | 6.59 | — | — | 7.68 | — | — | — | 6.11 | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,494,900K ÷ $363,000K
= 6.87
The receivables turnover ratio of Envista Holdings Corp has shown some fluctuations over the periods reported. It was not available for September 30, 2020, March 31, 2021, June 30, 2021, and September 30, 2021. However, for the periods where data is available, the trend indicates an improvement in collecting receivables efficiently.
Specifically, the receivables turnover ratio was 6.11 as of December 31, 2020, which increased to 7.68 by the end of December 31, 2021. This increase suggests that the company was collecting its receivables at a faster rate in 2021 compared to 2020.
The ratio then decreased slightly to 6.59 as of September 30, 2022, and further to 6.52 by the end of December 31, 2022. However, the company managed to maintain a relatively stable receivables turnover ratio around the range of 6.10 to 6.87 from March 31, 2023, to December 31, 2024.
Overall, a higher receivables turnover ratio indicates that Envista Holdings Corp is collecting its accounts receivables more efficiently, which can be a positive sign of effective credit policies and prompt collection efforts. The company's ability to maintain a steady turnover ratio within a certain range demonstrates consistency in managing its receivables effectively over time.
Peer comparison
Dec 31, 2024