Waters Corporation (WAT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,922,900 | 2,842,300 | 2,892,160 | 2,735,940 | 2,309,300 |
| Receivables | US$ in thousands | 733,365 | 702,168 | 722,892 | 612,648 | 573,316 |
| Receivables turnover | 3.99 | 4.05 | 4.00 | 4.47 | 4.03 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,922,900K ÷ $733,365K
= 3.99
The receivables turnover ratio for Waters Corporation has shown some fluctuation over the past five years. In December 2020, the ratio was 4.03, indicating that on average, the company collected its accounts receivable approximately 4 times during the year. By December 2021, the ratio improved to 4.47, suggesting that the company was able to collect its receivables slightly more efficiently. However, in December 2022, the ratio decreased to 4.00 before slightly increasing to 4.05 in December 2023. Most recently, by December 2024, the ratio fell to 3.99.
Overall, the trend in Waters Corporation's receivables turnover indicates that the company has been fairly consistent in collecting its accounts receivable over the years, with minor fluctuations observed. It is essential for the company to monitor this ratio closely to ensure efficient management of its receivables and cash flow.
Peer comparison
Dec 31, 2024