Name: Receivables Turnover

Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.

Interpretation:
• In '2021', PACB's receivables turnover was 5.38, showing efficiency in collecting outstanding receivables. Industry average for Biotechnology: Laboratory Analytical Instruments in '2021' stood at 4.73.
• In '2022', PACB's receivables turnover was 5.96, showing efficiency in collecting outstanding receivables. The increase since '2021' reflects strengthening financial performance. Industry average for Biotechnology: Laboratory Analytical Instruments in '2022' stood at 4.73. Industry average increased by 0.00 compared to previous year.
• In '2023', PACB's receivables turnover was 7.24, showing efficiency in collecting outstanding receivables. The increase since '2022' reflects strengthening financial performance. Industry average for Biotechnology: Laboratory Analytical Instruments in '2023' stood at 5.19. Industry average increased by 0.45 compared to previous year.
• In '2024', PACB's receivables turnover was 4.80, showing efficiency in collecting outstanding receivables. The decline from '2023' may indicate some operational or financial challenges. Industry average for Biotechnology: Laboratory Analytical Instruments in '2024' stood at 5.00. Industry average declined by 0.19 from previous year.
Overall, PACB's receivables turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable

Good Range: Ranges 5 to 15 depending on credit terms.