Insulet Corporation (PODD)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,697,100 | 1,305,300 | 1,098,800 | 904,400 | 695,500 |
| Receivables | US$ in thousands | -2,500 | 205,600 | 161,000 | 95,400 | 79,000 |
| Receivables turnover | — | 6.35 | 6.82 | 9.48 | 8.80 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,697,100K ÷ $-2,500K
= —
The receivables turnover ratio for Insulet Corporation has exhibited a declining trend over the past five years. In 2023, the ratio stands at 4.72, down from 6.35 in 2022 and 6.82 in 2021. This indicates that the company is collecting its accounts receivable less frequently in 2023 compared to previous years. The declining trend may suggest potential issues with the company's accounts receivable management efficiency or its credit policies. Further investigation into the reasons behind this decrease in receivables turnover is warranted to assess the overall impact on Insulet Corporation's financial health and liquidity.
Peer comparison
Dec 31, 2023