Sotera Health Co (SHC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,049,290 | 1,003,690 | 931,478 |
| Receivables | US$ in thousands | 157,734 | 135,940 | 118,482 |
| Receivables turnover | 6.65 | 7.38 | 7.86 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,049,290K ÷ $157,734K
= 6.65
The receivables turnover ratio for Sotera Health Co has shown some fluctuations over the past five years. In 2023, the company's receivables turnover ratio decreased to 6.84 from 7.69 in 2022. This indicates that the company was able to convert its accounts receivable into cash less frequently in 2023 compared to the previous year.
However, it is worth noting that the receivables turnover ratio in 2023 is still higher than in 2020 and 2019, suggesting an improvement in the efficiency of collecting receivables compared to those earlier years. Overall, while there was a slight decrease in the receivables turnover ratio in 2023, the company's performance in managing its accounts receivable remains relatively stable and efficient when compared to historical data.
Peer comparison
Dec 31, 2023