Solventum Corp. (SOLV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,241,000 | 8,130,000 | 8,171,000 | 7,281,000 |
| Receivables | US$ in thousands | — | — | — | — |
| Receivables turnover | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,241,000K ÷ $—K
= —
To calculate Solventum Corp.'s receivables turnover ratio, we need both the net credit sales and the average accounts receivable figures for each year. Without this information provided in the table, we are unable to determine the receivables turnover ratio for any of the years.
The receivables turnover ratio measures how efficiently 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 turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
In the absence of specific data for Solventum Corp., it is recommended to obtain the net credit sales and average accounts receivable figures for the relevant years to accurately calculate and analyze the receivables turnover ratio. This ratio is crucial in assessing the company's effectiveness in managing its credit sales and collecting debts, providing insights into its liquidity and operational efficiency.
Peer comparison
Dec 31, 2023