Stryker Corporation (SYK)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,595,000 | 21,974,000 | 21,389,000 | 20,963,000 | 20,498,000 | 19,885,000 | 19,455,000 | 18,952,000 | 18,449,000 | 17,948,000 | 17,629,000 | 17,430,000 | 17,108,000 | 16,669,000 | 16,246,000 | 14,716,000 | 14,351,000 | 14,220,000 | 14,070,000 | 14,956,000 |
| Receivables | US$ in thousands | 3,987,000 | 3,736,000 | 3,622,000 | 3,473,000 | 3,765,000 | 3,276,000 | 3,261,000 | 3,215,000 | 3,565,000 | 3,103,000 | 3,145,000 | 2,991,000 | 3,022,000 | 2,817,000 | 2,714,000 | 2,616,000 | 2,701,000 | 2,426,000 | 2,203,000 | 2,646,000 |
| Receivables turnover | 5.67 | 5.88 | 5.91 | 6.04 | 5.44 | 6.07 | 5.97 | 5.89 | 5.18 | 5.78 | 5.61 | 5.83 | 5.66 | 5.92 | 5.99 | 5.63 | 5.31 | 5.86 | 6.39 | 5.65 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $22,595,000K ÷ $3,987,000K
= 5.67
The receivables turnover ratio for Stryker Corporation has fluctuated over the past years, ranging from a low of 5.18 to a high of 6.39. This ratio measures how efficiently the company is collecting payments from its customers. A higher turnover ratio indicates that Stryker is collecting receivables more quickly, which is generally a positive sign of efficient operations.
Analyzing the trend, we can see that the receivables turnover ratio has generally remained within a narrow range, with slight variations from quarter to quarter. The most recent data shows that the ratio has been around 5.67 to 6.04, indicating a consistent collection of receivables.
It is important for Stryker Corporation to maintain a stable or increasing receivables turnover ratio to ensure smooth cash flow and efficient working capital management. A declining ratio may suggest potential issues with customer creditworthiness or collection processes, while a significantly high ratio could indicate overly aggressive credit policies.
Overall, the receivables turnover ratio analysis suggests that Stryker Corporation has been effectively managing its accounts receivable, maintaining a balance between timely collections and customer relationships.
Peer comparison
Dec 31, 2024