ResMed Inc (RMD)
Receivables turnover
| Mar 31, 2025 | 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,021,540 | 4,926,780 | 4,807,490 | 4,546,017 | 4,444,877 | 4,364,797 | 4,235,737 | 4,222,994 | 4,015,671 | 3,763,271 | 3,624,405 | 3,578,126 | 3,539,492 | 3,443,759 | 3,348,896 | 3,196,825 | 3,091,065 | 3,091,753 | 3,027,899 | 2,957,011 |
| Receivables | US$ in thousands | 907,825 | 859,937 | 811,198 | 837,275 | 817,190 | 729,740 | 692,388 | 704,909 | 686,264 | 672,271 | 620,483 | 575,950 | 508,580 | 550,719 | 601,353 | 614,292 | 525,014 | 518,817 | 474,478 | 484,095 |
| Receivables turnover | 5.53 | 5.73 | 5.93 | 5.43 | 5.44 | 5.98 | 6.12 | 5.99 | 5.85 | 5.60 | 5.84 | 6.21 | 6.96 | 6.25 | 5.57 | 5.20 | 5.89 | 5.96 | 6.38 | 6.11 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,021,540K ÷ $907,825K
= 5.53
The receivables turnover ratio of ResMed Inc. exhibits a fluctuating trend over the period analyzed. Starting from 6.11 on June 30, 2020, the ratio increased to 6.38 by September 30, 2020, indicating an improvement in the company's efficiency in collecting receivables. However, it subsequently declined to 5.96 by December 31, 2020, and further decreased to 5.89 as of March 31, 2021. During this interval, the receivables turnover showed some volatility but remained relatively steady around the mid-5 range.
From June 30, 2021, onward, some notable variation is observed. The ratio rose to 5.20 on June 30, 2021, then increased again to 5.57 in September 2021 and further climbed to 6.25 by December 31, 2021. The upward trend continued into 2022, reaching 6.96 on March 31, 2022, and again peaking at 6.21 by June 30, 2022. Subsequently, the ratio showed a slight decline, moving to 5.84 on September 30, 2022, and 5.60 by December 31, 2022.
In the following periods, the ratio demonstrated a modest recovery, reaching 5.85 at the end of March 2023 and slightly increasing to 5.99 on June 30, 2023. It then showed a small further increase to 6.12 in September 2023 before decreasing marginally to 5.98 at year-end 2023. The trend continued with values of 5.44, 5.43, 5.93, 5.73, and 5.53 for the quarters ending March 2024, June 2024, September 2024, December 2024, and March 2025, respectively.
Overall, the receivables turnover ratio has generally fluctuated within a range of approximately 5.20 to 6.96 over this period. These fluctuations suggest variations in the company's efficiency in collecting receivables, with periods of improvement followed by slight declines. The relatively stable range indicates consistent credit and collection practices, with no significant deterioration or exceptionally rapid collection periods.
Peer comparison
Mar 31, 2025