ResMed Inc (RMD)

Receivables turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,681,240	4,528,920	4,442,900	4,314,610	4,171,410	4,064,591	3,819,396	3,688,938	3,645,890	3,606,884	3,513,684	3,419,445	3,265,514	3,144,973	3,128,793	3,045,837	2,957,056	2,891,676	2,784,449	2,699,392
Receivables	US$ in thousands	837,275	779,265	729,740	692,388	704,909	686,264	672,271	620,483	575,950	508,580	526,036	575,554	614,292	525,014	509,364	464,892	474,643	554,859	528,039	493,836
Receivables turnover		5.59	5.81	6.09	6.23	5.92	5.92	5.68	5.95	6.33	7.09	6.68	5.94	5.32	5.99	6.14	6.55	6.23	5.21	5.27	5.47

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,681,240K ÷ $837,275K
= 5.59

The receivables turnover ratio for ResMed Inc has exhibited fluctuations over the past quarters, ranging from a low of 5.21 to a high of 7.09. The ratio indicates how efficiently the company is able to collect cash from its credit sales during the period. A higher turnover ratio generally suggests that the company is collecting on its receivables more quickly.

Overall, the trend in ResMed Inc's receivables turnover ratio has shown some variability, with the ratio increasing in some quarters and decreasing in others. It is essential to monitor this ratio continuously to assess the efficiency of the company's accounts receivable management and its ability to convert credit sales into cash.