Teledyne Technologies Incorporated (TDY)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,559,800	5,379,900	4,510,100	3,094,300	3,171,900
Receivables	US$ in thousands	1,202,100	1,158,400	1,083,800	624,100	190,300
Receivables turnover		4.63	4.64	4.16	4.96	16.67

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,559,800K ÷ $1,202,100K
= 4.63

The receivables turnover ratio for Teledyne Technologies Inc has shown some fluctuations over the past five years. In the most recent fiscal year, as of December 31, 2023, the company's receivables turnover was 4.69, slightly lower than the previous year's ratio of 4.71 as of January 1, 2023. This indicates that on average, Teledyne Technologies collected its accounts receivable approximately 4.69 times during the year.

Comparing these figures with the ratios from earlier years, we see that the receivables turnover was 4.26 as of January 2, 2022, 4.95 as of January 3, 2021, and 4.79 as of December 29, 2019. The trend suggests some variability in the efficiency of the company in collecting its outstanding receivables over the years, with fluctuations in turnover rates.

A higher receivables turnover ratio generally indicates that a company is more efficient in collecting its accounts receivable, while a lower ratio may imply inefficiencies in the collection process or potential issues with credit policies and customer payment terms. It is essential for Teledyne Technologies to monitor its receivables turnover ratio consistently to ensure effective management of accounts receivable and optimize cash flow.