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Medtronic Plc  (MDT)
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Medtronic Plc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Medtronic Plc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 5.45, above the company average. This is a clear sign of healthy business climate in the Medical Equipment & Supplies industry and improving liquidity at their respective customers, during the third quarter 2024. Average collection period, for Medtronic Plc's accounts receivable remained unchanged at 67 days, in the Jan 26 2024 quarter.

If we take a look into Healthcare sector 204 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1527, from overall ranking in the second quarter 2024 at 2494.

What is Receivable Turnover Ratio?
What is Medtronic Plc Selling?


What is Receivable Turnover Ratio?




MDT Receivables Turnover Ratio (Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Receivable Change 1.38 % 5.47 % 9.38 % 8.05 % 8.1 %
Y / Y Revenue Change 4.68 % 5.26 % 4.49 % 5.62 % -0.46 %
Receivable Turnover Ratio (TTM) 5.45 5.41 5.41 5.47 5.5
MDT's Total Ranking # 1527 # 2494 # 2548 # 2547 # 2595
Average receivable collection period 67 67 67 67 66
Seq. Receivable Change 0.57 % 2.2 % -3.2 % 1.89 % 4.64 %
Seq. Revenue Change 1.32 % 3.66 % -9.85 % 10.57 % 1.87 %


Receivable Turnover Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 84
Healthcare Sector # 205
Overall Market # 1527

Receivable Turnover Ratio Statistics
High Average Low
0.66 0.46 0.3
(Oct. 24. 2008)   (Jan 29 2021)






Financial Statements
Medtronic Plc's Accounts Receivable $ 5,968 Millions Visit MDT's Balance sheet
Medtronic Plc's Sales TTM $ 32,319 Millions Visit MDT's Income Statement
Where are MDT's Sales coming from? Visit MDT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Medical Equipment & Supplies Industry Accounts Receivable Turnover Trends and Statistics
Healthcare Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MDT's Receivable Turnover Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for MDT's Competitors
Receivables Turnover Ratio for MDT's Suppliers
Accounts Receivables Turnover Ratio for MDT's Customers

You may also want to know
MDT's Growth Rates MDT's Roa MDT's Inventory Turnover Ratio MDT's Dividend Comparisons
MDT's Profitability Ratios MDT's Roi MDT's Asset Turnover Ratio MDT's Dividend Growth
MDT's Valuation Ratios MDT's Roe MDT's Financial Strength Ratios MDT's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jan 26 2024, within Healthcare Sector Receivable Turnover Ratio Revenues for 12 Months ending Jan 26 2024 Receivable at quarter ending Jan 26 2024
Neuroone Medical Technologies Corporation  14.87 $ 2.816  Millions$ 0.189  Millions
Chemed Corporation  14.52 $ 2,264.417  Millions$ 155.918  Millions
Icu Medical Inc  14.46 $ 2,259.126  Millions$ 156.262  Millions
Patterson Companies Inc   14.11 $ 6,565.239  Millions$ 465.318  Millions
Corcept Therapeutics Inc  13.70 $ 482.375  Millions$ 35.215  Millions
Theralink Technologies Inc   13.67 $ 0.511  Millions$ 0.037  Millions
Protalix Biotherapeutics inc   13.39 $ 65.494  Millions$ 4.890  Millions
Exact Sciences Corporation  13.25 $ 2,532.479  Millions$ 191.179  Millions
Teladoc Health Inc   12.18 $ 2,602.415  Millions$ 213.613  Millions
Caribou Biosciences Inc   12.12 $ 34.477  Millions$ 2.844  Millions
Siga Technologies Inc  11.78 $ 139.917  Millions$ 11.881  Millions
Integrated Biopharma Inc  11.42 $ 48.833  Millions$ 4.275  Millions
Option Care Health Inc   11.09 $ 4,302.223  Millions$ 388.081  Millions
National Research Corporation  11.05 $ 148.580  Millions$ 13.445  Millions
National Healthcare Corp  10.98 $ 1,141.544  Millions$ 104.011  Millions
Revance Therapeutics Inc   10.95 $ 234.040  Millions$ 21.377  Millions
Arrowhead Pharmaceuticals Inc   10.29 $ 181.740  Millions$ 17.670  Millions
Viemed Healthcare Inc   10.22 $ 183.008  Millions$ 17.905  Millions
Sophia Genetics Sa  10.15 $ 61.913  Millions$ 6.100  Millions
Lumos Pharma Inc   10.07 $ 2.051  Millions$ 0.204  Millions
Semler Scientific Inc   9.93 $ 68.184  Millions$ 6.867  Millions
United Therapeutics Corporation  9.85 $ 2,327.500  Millions$ 236.175  Millions
Xoma Corporation  9.74 $ 4.758  Millions$ 0.489  Millions
Eton Pharmaceuticals Inc   9.66 $ 31.061  Millions$ 3.216  Millions
Procyon Corporation  9.64 $ 4.700  Millions$ 0.488  Millions
The Pennant Group Inc   9.54 $ 544.891  Millions$ 57.095  Millions
Voyager Therapeutics Inc   9.51 $ 250.008  Millions$ 26.288  Millions
Irhythm Technologies Inc   9.27 $ 491.806  Millions$ 53.054  Millions
Lipella Pharmaceuticals Inc   9.11 $ 0.450  Millions$ 0.049  Millions
Harmony Biosciences Holdings inc   9.03 $ 581.786  Millions$ 64.448  Millions

Date modified: 2024-02-28T14:58:19+00:00



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