Dentsply Sirona Inc (XRAY)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,887,000 | 3,908,000 | 20,000 | 3,305,000 | 4,021,100 |
| Receivables | US$ in thousands | 756,000 | 632,000 | 750,000 | 673,000 | 782,000 |
| Receivables turnover | 5.14 | 6.18 | 0.03 | 4.91 | 5.14 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,887,000K ÷ $756,000K
= 5.14
The receivables turnover ratio measures how efficiently DENTSPLY Sirona Inc is collecting outstanding receivables from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivable more frequently within a given period.
Analyzing the data provided:
- The receivables turnover ratios for DENTSPLY Sirona Inc over the past five years have been relatively stable, ranging from 4.97 to 6.21.
- The highest receivables turnover was observed in December 2022 at 6.21, suggesting efficient collection of receivables during that year.
- The lowest turnover was recorded in December 2020 at 4.97, indicating slower collections during that period compared to other years.
Overall, the company's receivables turnover has shown some fluctuations but has generally remained at a healthy level, indicating consistent effectiveness in collecting payments from customers.
Peer comparison
Dec 31, 2023