Varex Imaging Corp (VREX)
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 | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Receivables | US$ in thousands | 139,600 | 163,600 | 163,300 | 159,500 | 157,900 | 173,300 | — | — | 127,100 | 155,300 | — | — | — | 123,800 | — | — | — | — | — | — |
| Receivables turnover | 6.30 | 5.47 | 5.59 | 5.60 | 5.55 | 4.99 | — | — | 6.65 | 5.30 | — | — | — | 5.96 | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $879,200K ÷ $139,600K
= 6.30
The receivables turnover for Varex Imaging Corp has shown fluctuations over the periods reported, ranging from a low of 4.99 to a high of 6.65. A higher receivables turnover indicates that the company is collecting its accounts receivable more frequently within a given period, which can be a positive sign of efficient credit management and liquidity.
It is important to note the trend of the receivables turnover over time to assess the company's ability to convert credit sales into cash. A consistent or improving trend in receivables turnover may signal effective customer credit policies and collection efforts.
However, the missing data points in the table limit the ability to provide a complete trend analysis. It would be beneficial to analyze the receivables turnover in conjunction with other financial ratios and performance metrics to gain a comprehensive understanding of Varex Imaging Corp's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023