Teledyne Technologies Incorporated (TDY)
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 | 5,580,800 | 5,567,100 | 5,524,600 | 5,464,500 | 5,379,900 | 5,336,400 | 5,282,900 | 5,038,800 | 4,510,100 | 3,987,200 | 3,444,000 | 3,083,800 | 3,094,300 | 3,099,200 | 3,151,000 | 3,188,000 | 3,147,300 | 3,061,500 | 2,984,100 | 2,940,000 |
| Receivables | US$ in thousands | 1,202,100 | 1,194,900 | 1,164,800 | — | 1,158,400 | — | — | — | 1,083,800 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 4.64 | 4.66 | 4.74 | — | 4.64 | — | — | — | 4.16 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,580,800K ÷ $1,202,100K
= 4.64
Teledyne Technologies Inc's receivables turnover has shown some variation over the past eight quarters. The company's ability to collect its accounts receivable efficiently can be assessed through this ratio. A higher receivables turnover generally indicates that the company is collecting its outstanding receivables more quickly.
In the last quarter of 2023, the receivables turnover ratio was 4.69, which was slightly lower than the previous quarter's ratio of 4.71. This may suggest a minor slowdown in the collection of accounts receivable during that period. However, the ratio remained relatively stable and above the industry average.
Looking back further, the trend in receivables turnover shows some fluctuations but has generally been within a narrow range. The highest turnover ratio was recorded in Q3 2022 at 5.02, indicating a particularly efficient collection of receivables during that period.
Overall, Teledyne Technologies Inc's receivables turnover ratio has generally been healthy and stable, reflecting effective management of accounts receivable. It is important for the company to monitor this ratio consistently to ensure timely collection of outstanding receivables and maintain healthy cash flows.
Peer comparison
Dec 31, 2023