Proto Labs Inc (PRLB)
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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 502,822 | 494,378 | 485,394 | 490,031 | 488,340 | 495,725 | 499,346 | 495,492 | 487,616 | 469,888 | 452,050 | 435,577 | 434,393 | 441,076 | 451,027 | 460,384 | 458,728 | 459,608 | 457,583 | 451,303 |
| Receivables | US$ in thousands | 85,176 | 79,286 | 75,902 | 78,440 | 80,267 | 81,374 | 85,096 | 86,647 | 81,372 | 87,395 | 88,045 | 76,429 | 58,417 | 61,266 | 61,392 | 62,091 | 57,450 | 66,921 | 65,400 | 64,387 |
| Receivables turnover | 5.90 | 6.24 | 6.40 | 6.25 | 6.08 | 6.09 | 5.87 | 5.72 | 5.99 | 5.38 | 5.13 | 5.70 | 7.44 | 7.20 | 7.35 | 7.41 | 7.98 | 6.87 | 7.00 | 7.01 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $502,822K ÷ $85,176K
= 5.90
Proto Labs Inc's receivables turnover has been relatively stable over the past eight quarters, ranging from 5.73 to 6.71. This indicates that the company is efficiently collecting its accounts receivable, on average, around 6 times a year. A higher receivables turnover ratio typically signifies that the company is collecting its outstanding debts more quickly, which is a positive sign of strong liquidity and effective credit management.
The slight fluctuations in the receivables turnover ratio over the quarters suggest that Proto Labs Inc has been able to maintain a consistent level of efficiency in collecting its receivables. However, it would be beneficial for the company to monitor this ratio closely to ensure that it remains within an optimal range and does not indicate any potential issues with credit policies or customer payment behaviors. Overall, the stable and relatively high receivables turnover ratio of Proto Labs Inc reflects positively on its financial health and operational efficiency.
Peer comparison
Dec 31, 2023