Penumbra Inc (PEN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,058,520 | 847,133 | 747,590 | 560,412 | 547,405 |
| Receivables | US$ in thousands | 201,768 | 203,384 | 133,940 | 114,608 | 105,901 |
| Receivables turnover | 5.25 | 4.17 | 5.58 | 4.89 | 5.17 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,058,520K ÷ $201,768K
= 5.25
The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales during a specific period. Penumbra Inc's receivables turnover has fluctuated over the past five years, ranging from 4.17 to 5.58.
In 2023, the receivables turnover ratio improved to 5.25, indicating that the company collected its accounts receivable more frequently compared to the previous year. This suggests a positive trend in the company's ability to manage its receivables efficiently.
Overall, Penumbra Inc's receivables turnover has shown variability over the years but generally has been at a healthy level, with values consistently above 4. This indicates that the company has been effective in converting credit sales into cash, though there have been fluctuations in the speed of collections. It would be important for the company to continue monitoring and managing its accounts receivable effectively to ensure ongoing liquidity and financial health.
Peer comparison
Dec 31, 2023