STAAR Surgical Company (STAA)
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 | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 | 150,185 | 142,488 | 135,203 | 129,444 |
| Receivables | US$ in thousands | 97,160 | 114,556 | 98,322 | 68,171 | 65,113 | 56,984 | — | — | 45,777 | — | — | — | 37,285 | — | — | — | — | — | — | — |
| Receivables turnover | 3.32 | 2.71 | 3.11 | 4.32 | 4.37 | 4.90 | — | — | 5.03 | — | — | — | 4.38 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $322,415K ÷ $97,160K
= 3.32
The receivables turnover ratio for STAAR Surgical Company has varied over the past few quarters. The ratio was 3.32 at the end of December 2023, indicating the company collected its accounts receivables approximately 3.32 times during the year. This was a slight increase compared to the ratio of 2.71 in September 2023.
The ratio improved significantly from 2.71 to 4.32 between September 2023 and March 2023, suggesting STAAR Surgical became more efficient in collecting its receivables during that period. The ratio further increased to 4.37 by the end of December 2022, showing a consistent trend of improvement in collecting receivables.
During the second quarter of 2022, the receivables turnover ratio was 4.90, indicating a peak in efficiency in collecting receivables in recent quarters. The ratio then decreased to 4.38 by the end of December 2020.
Overall, STAAR Surgical Company has generally maintained a healthy receivables turnover ratio over the quarters analyzed, demonstrating efficient management of accounts receivables. The company's improving and generally high turnover ratios suggest effective credit policies and timely collection efforts.
Peer comparison
Dec 31, 2023