Organon & Co (OGN)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,263,000 | 6,150,000 | 6,168,000 | 6,145,000 | 6,174,000 | 6,292,000 | 6,355,000 | 6,365,000 | 6,304,000 | |||
| Receivables | US$ in thousands | 1,744,000 | 1,648,000 | 1,672,000 | 1,445,000 | 1,475,000 | 1,440,000 | 1,490,000 | 1,322,000 | 1,382,000 | 1,498,000 | 1,507,000 | 1,010,000 |
| Receivables turnover | 3.59 | 3.73 | 3.69 | 4.25 | 4.19 | 4.37 | 4.27 | 4.81 | 4.56 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,263,000K ÷ $1,744,000K
= 3.59
Organon & Co.'s receivables turnover has shown variability over the last eight quarters. The ratio has ranged from a low of 3.59 in Q4 2023 to a high of 4.81 in Q1 2022. This indicates that on average, the company collected its accounts receivables 3.59 to 4.81 times per year during the respective quarters.
A higher receivables turnover ratio suggests that the company is able to collect its outstanding receivables more frequently, indicating efficient management of credit sales and collection processes. Conversely, a lower ratio may indicate potential issues with collecting outstanding payments.
In the most recent quarter, Q4 2023, the receivables turnover ratio decreased to 3.59, reflecting a potential slowdown in collecting accounts receivables compared to previous quarters. Further analysis would be needed to understand the reasons behind this decline and whether it signals a developing trend or a temporary fluctuation.
Peer comparison
Dec 31, 2023