Revvity Inc. (RVTY)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,769,887 | 2,744,391 | 2,810,941 | 3,023,524 | 3,311,822 | 3,598,518 | 3,748,030 | 3,763,135 | 3,827,812 | 4,154,512 | 4,257,222 | 4,158,193 | 3,782,749 | 3,233,635 | 2,976,533 | 2,887,332 | 2,883,673 | 2,834,526 | 2,801,916 | 2,782,761 |
| Receivables | US$ in thousands | 632,811 | 644,574 | 626,935 | — | 612,780 | — | — | — | 1,023,790 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 4.38 | 4.26 | 4.48 | — | 5.40 | — | — | — | 3.74 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,769,887K ÷ $632,811K
= 4.38
The receivables turnover ratio measures how effectively a company is managing its accounts receivable by indicating how many times during a period the company collects its average accounts receivable balance. A higher ratio typically signifies that a company is collecting its outstanding receivables more efficiently.
Analyzing the trend of Revvity Inc.'s receivables turnover ratio over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the receivables turnover ratio was 4.35, which indicates that Revvity collected its outstanding receivables approximately 4.35 times during that quarter.
Comparing this value to the previous quarters, we notice that there was a decrease in the receivables turnover ratio from Q4 2022 to Q3 2023, followed by an increase in Q4 2023. This fluctuation may suggest variations in the company's collection efficiency or changes in its credit policies.
It's noteworthy that the receivables turnover ratio was highest in Q3 2022 at 8.44, indicating that Revvity was collecting its receivables more frequently during that quarter. However, the ratio has been on a downward trend since then, reaching its lowest point in Q2 2023 at 3.52 before recovering in Q4 2023.
Further analysis and comparison with industry benchmarks or competitors can provide additional insights into Revvity Inc.'s performance in managing its receivables effectively.
Peer comparison
Dec 31, 2023