Zoetis Inc (ZTS)

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	8,544,000	8,371,000	8,222,000	8,094,000	8,080,000	8,007,000	7,995,000	7,891,000	7,776,000	7,616,000	7,412,000	7,012,000	6,675,000	6,542,000	6,340,000	6,339,000	6,260,000	6,150,000	6,046,000	5,914,000
Receivables	US$ in thousands	1,362,000	1,257,000	1,322,000	1,186,000	1,286,000	1,189,000	1,291,000	1,222,000	1,180,000	1,152,000	1,170,000	1,125,000	1,061,000	1,012,000	984,000	965,000	1,123,000	1,030,000	994,000	970,000
Receivables turnover		6.27	6.66	6.22	6.82	6.28	6.73	6.19	6.46	6.59	6.61	6.34	6.23	6.29	6.46	6.44	6.57	5.57	5.97	6.08	6.10

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,544,000K ÷ $1,362,000K
= 6.27

The receivables turnover ratio for Zoetis Inc has shown some fluctuation over the past eight quarters, ranging between 6.19 and 6.82. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.

A higher turnover ratio suggests that the company is collecting payments from its customers more quickly, which is generally a positive sign as it enables the company to reinvest the cash into its operations or reduce its reliance on external financing.

Despite the fluctuations in the ratios, Zoetis Inc has maintained a relatively stable receivables turnover performance, indicating a consistent ability to manage its accounts receivable effectively over time.

Overall, the average receivables turnover ratio for Zoetis Inc over the past eight quarters is approximately 6.55, reflecting a consistent and efficient collection process.