Somnigroup International Inc. (SGI)
Receivables turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,893,500 | 4,870,600 | 4,906,700 | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 |
| Receivables | US$ in thousands | 467,600 | 474,000 | 483,600 | 456,200 | 525,800 | 476,100 | 461,500 | 422,600 | 488,200 | 481,600 | 426,400 | 419,500 | 510,200 | 462,500 | 397,400 | 383,700 | 440,800 | 341,800 | 372,800 | 372,000 |
| Receivables turnover | 10.47 | 10.28 | 10.15 | 10.80 | 9.40 | 10.39 | 10.60 | 11.65 | 10.43 | 10.73 | 12.02 | 11.75 | 9.07 | 9.52 | 9.81 | 9.58 | 7.92 | 9.30 | 8.68 | 8.35 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,893,500K ÷ $467,600K
= 10.47
Somnigroup International Inc.'s receivables turnover has shown some fluctuations over the past few years. The receivables turnover ratio measures how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
From December 31, 2019, to September 30, 2021, the company's receivables turnover was relatively stable, ranging between 7.92 and 9.81 times. This indicates that the company was able to efficiently collect outstanding receivables during this period.
However, there was a significant improvement in the receivables turnover ratio in the latter part of 2021 and into 2022, reaching a peak of 12.02 times on March 31, 2022. This implies that the company was collecting receivables at a much faster rate during this period.
Subsequently, from June 30, 2022, to December 31, 2023, the receivables turnover ratio decreased but remained relatively stable, ranging between 9.40 and 11.75 times. This could suggest a slight slowdown in the company's collection efforts compared to the previous period.
In the most recent period from March 31, 2024, to September 30, 2024, the receivables turnover ratio was around 10 times. This indicates that the company's ability to collect outstanding receivables has stabilized at a moderate level.
Overall, it is essential for Somnigroup International Inc. to monitor its receivables turnover ratio continuously to ensure efficient management of its accounts receivable and maintain a healthy cash flow position.
Peer comparison
Sep 30, 2024