STAAR Surgical Company (STAA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Receivables | US$ in thousands | 97,160 | 65,113 | 45,777 | 37,285 | 31,709 |
| Receivables turnover | 3.32 | 4.37 | 5.03 | 4.38 | 4.74 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $322,415K ÷ $97,160K
= 3.32
STAAR Surgical Company's receivables turnover has shown a fluctuating trend over the past five years. The ratio decreased from 4.74 in 2019 to 4.38 in 2020 before further declining to 5.03 in 2021. Subsequently, there was a notable drop to 4.37 in 2022, and the trend continued with a decrease to 3.32 in 2023.
A lower receivables turnover ratio indicates that the company is taking longer to collect payments from its customers, which may lead to a higher risk of bad debts or liquidity issues. This downward trend in receivables turnover could be a cause for concern, as it suggests an inefficiency in collecting outstanding receivables. Further analysis and monitoring of the company's accounts receivable management practices may be warranted to address this issue.
Peer comparison
Dec 31, 2023