Somnigroup International Inc. (SGI)
Receivables turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,930,900 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | 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 |
| Receivables turnover | — | — | — | — | — | — | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,930,900K ÷ $—K
= —
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers on credit sales during a specific period. A higher receivables turnover ratio generally indicates that the company is efficient in collecting payments from customers.
Analyzing Somnigroup International Inc.'s receivables turnover over the past few years, we can observe fluctuations in the ratio. In March 2020, the ratio was 8.68, which increased to 9.30 by June 2020, indicating an improvement in the efficiency of collecting receivables. However, in September 2020, the ratio dropped to 7.92 before steadily rising to reach 11.75 by December 2021.
The company maintained relatively high receivables turnover ratios in the subsequent periods, with values around 10-12. This suggests that Somnigroup International Inc. has been successful in managing its accounts receivables efficiently in recent years.
It is important to note that the receivables turnover ratio might have decreased as of the latest available data in June 2023 to 10.39, which could indicate a slower collection of receivables compared to the previous periods. However, without data for the subsequent periods, it is challenging to assess the overall trend accurately.
Overall, based on the historical data provided, Somnigroup International Inc. has demonstrated the ability to efficiently collect payments from customers, as reflected in its generally high receivables turnover ratios. Monitoring this ratio over time can provide valuable insights into the company's financial performance and collection practices.
Peer comparison
Dec 31, 2024