Dentsply Sirona Inc (XRAY)
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 | 3,887,000 | 3,905,000 | 3,909,000 | 3,910,000 | 3,908,000 | 4,001,000 | 4,094,000 | 4,137,000 | 4,206,000 | 4,182,500 | 4,036,800 | 3,464,100 | 3,305,500 | 3,337,500 | 3,412,700 | 3,935,800 | 4,015,000 | 3,963,200 | 3,926,400 | 3,957,500 |
| Receivables | US$ in thousands | 756,000 | 649,000 | 670,000 | 652,000 | 632,000 | 645,000 | 661,000 | 707,000 | 750,000 | 732,000 | 678,000 | 643,000 | 673,000 | 628,100 | 500,200 | 709,100 | 782,000 | 698,400 | 700,100 | 658,500 |
| Receivables turnover | 5.14 | 6.02 | 5.83 | 6.00 | 6.18 | 6.20 | 6.19 | 5.85 | 5.61 | 5.71 | 5.95 | 5.39 | 4.91 | 5.31 | 6.82 | 5.55 | 5.13 | 5.67 | 5.61 | 6.01 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,887,000K ÷ $756,000K
= 5.14
The receivables turnover for DENTSPLY Sirona Inc has exhibited some fluctuations over the past eight quarters, ranging between 5.71 and 6.26. The average receivables turnover ratio during this period is approximately 6.00. A higher receivables turnover ratio generally indicates that the company is able to efficiently collect payments from its customers within a shorter period, which is a positive indicator of the company's liquidity and the effectiveness of its credit policies.
The slight variations in the ratio over time may represent changes in the company's sales patterns, credit terms, or efforts to manage its accounts receivable. It is notable that the company consistently maintains a receivables turnover ratio above 5.00, indicating a relatively effective management of its accounts receivable.
Overall, the trend of the receivables turnover ratio for DENTSPLY Sirona Inc remains relatively stable, with minor fluctuations around the average value. Monitoring this ratio over time can provide insights into the company's ability to efficiently convert its credit sales into cash, manage its outstanding receivables, and assess the effectiveness of its credit and collection policies.
Peer comparison
Dec 31, 2023