Waters (MEX:WAT) Receivables Turnover : 1.20 (As of Sep. 2024)

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What is Waters Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Waters's Revenue for the three months ended in Sep. 2024 was MXN14,577 Mil. Waters's average Accounts Receivable for the three months ended in Sep. 2024 was MXN12,180 Mil. Hence, Waters's Receivables Turnover for the three months ended in Sep. 2024 was 1.20.

Waters Receivables Turnover Historical Data

The historical data trend for Waters's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Waters Receivables Turnover Chart

Waters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.08

4.18

4.77

4.35

3.86

Waters Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.21	0.95	1.20	1.20

Competitive Comparison of Waters's Receivables Turnover

For the Diagnostics & Research subindustry, Waters's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Waters's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Waters's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Waters's Receivables Turnover falls into.

Waters Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Waters's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	50182.938	/ (	(14093.502	+	11918.774)	/	2 )
=	50182.938	/	13006.138
=	3.86

Waters's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	14576.828	/ (	(11176.875	+	13183.325)	/	2 )
=	14576.828	/	12180.1
=	1.20

Waters (MEX:WAT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Waters Receivables Turnover Related Terms

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Waters Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

WAT:USA 0LTI:UK WAZ:Germany WAZ:Germany

Address

34 Maple Street, Milford, MA, USA, 01757

Website

https://www.waters.com

Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2023, Waters generated 57% from biopharmaceutical customers, 31% from industrial clients, and 12% from academic/government institutions.