STERIS plc (STE)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	5,459,520	5,138,700	4,536,270	4,585,060	3,107,520
Receivables	US$ in thousands	1,043,960	1,008,320	928,315	799,041	609,406
Receivables turnover		5.23	5.10	4.89	5.74	5.10

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,459,520K ÷ $1,043,960K
= 5.23

Based on the provided data for STERIS plc, the receivables turnover ratio has shown some fluctuation over the past few years. In March 31, 2021, the receivables turnover ratio was 5.10, indicating that the company collected its outstanding receivables approximately 5.10 times during that year.

The ratio improved to 5.74 in March 31, 2022, suggesting a more efficient collection of receivables compared to the previous year. However, in March 31, 2023, the ratio decreased to 4.89, which may indicate a potential delay in collecting outstanding payments from customers.

In March 31, 2024, the receivables turnover ratio reverted to the initial value of 5.10, showing a recovery in the collection efficiency. Unfortunately, data for March 31, 2025 is unavailable (indicated as "—"), making it impossible to evaluate the trend for that year.

Overall, while there have been fluctuations in the receivables turnover ratio for STERIS plc, the general trend indicates that the company has managed to maintain a reasonably effective collection of its accounts receivable over the years, with room for potential improvements in certain periods.