Stericycle Inc (SRCL)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,591,300 | 2,627,500 | 2,668,500 | 2,733,000 | 2,717,600 | 2,702,000 | 2,649,700 | 2,642,600 | 2,646,700 | 2,677,200 | 2,571,500 | 2,493,200 | 2,551,900 | 2,628,400 | 2,929,000 | 3,157,300 | 3,260,700 | 3,338,400 | 3,360,400 | 3,421,000 |
| Receivables | US$ in thousands | 553,900 | 465,600 | 410,300 | 419,500 | 414,500 | 463,400 | 466,200 | 457,200 | 420,400 | 425,700 | 402,700 | 388,300 | 380,700 | 384,900 | 376,100 | 418,000 | 544,300 | 562,800 | 613,700 | 600,900 |
| Receivables turnover | 4.68 | 5.64 | 6.50 | 6.51 | 6.56 | 5.83 | 5.68 | 5.78 | 6.30 | 6.29 | 6.39 | 6.42 | 6.70 | 6.83 | 7.79 | 7.55 | 5.99 | 5.93 | 5.48 | 5.69 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,591,300K ÷ $553,900K
= 4.68
The receivables turnover for Stericycle Inc. has exhibited fluctuation over the past eight quarters. In Q4 2023, the receivables turnover decreased to 4.80 from 5.75 in Q3 2023, indicating a decline in the company's efficiency in collecting receivables. However, the turnover ratio had been relatively stable around 6.5 in the preceding quarters, reflecting consistent performance in receivables management. It is worth noting that in Q2 and Q3 2023, the receivables turnover reached its peaks at 6.62 and 5.75, respectively, suggesting the company improved its collection efficiency during those periods. Overall, monitoring trends in receivables turnover is crucial for evaluating Stericycle Inc.'s ability to effectively collect outstanding receivables and manage its cash flow.
Peer comparison
Dec 31, 2023