Revvity Inc. (RVTY)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,756,080 | 2,750,570 | 3,311,820 | 3,827,810 | 3,782,740 |
| Receivables | US$ in thousands | 632,400 | 632,811 | 612,780 | 1,023,790 | 1,155,110 |
| Receivables turnover | 4.36 | 4.35 | 5.40 | 3.74 | 3.27 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,756,080K ÷ $632,400K
= 4.36
The receivables turnover ratio for Revvity Inc. has shown an increasing trend over the years. In December 31, 2020, the ratio was 3.27, which increased to 3.74 by December 31, 2021. A significant improvement was seen by December 31, 2022, with the ratio jumping to 5.40. However, there was a slight decline in December 31, 2023 to 4.35, followed by a similar ratio of 4.36 by December 31, 2024.
Overall, the increasing trend in the receivables turnover ratio indicates that Revvity Inc. has been more efficient in collecting its accounts receivable over the years. This may suggest effective credit control measures, prompt invoicing, or better customer payment terms. However, the slight fluctuation in the ratio in some years could warrant closer scrutiny to identify any underlying factors impacting the company's receivables management efficiency.
Peer comparison
Dec 31, 2024