Apple Inc (AAPL)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 391,035,000 | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 |
| Receivables | US$ in thousands | 66,243,000 | 60,985,000 | 60,932,000 | 51,506,000 | 37,445,000 |
| Receivables turnover | 5.90 | 6.22 | 6.42 | 7.05 | 7.25 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $391,035,000K ÷ $66,243,000K
= 5.90
The receivables turnover ratio for Apple Inc has shown a declining trend over the past five years. In 2020, the ratio stood at 7.25 times, indicating that Apple was able to convert its accounts receivable into cash 7.25 times during the year. However, this ratio decreased to 7.05 in 2021, 6.42 in 2022, and further dropped to 6.22 in 2023. As of September 30, 2024, the receivables turnover ratio was recorded at 5.90.
A decreasing trend in receivables turnover may suggest that Apple is taking longer to collect payments from its customers, which could impact its cash flow and liquidity position. It may indicate potential issues with credit policies, collection procedures, or the creditworthiness of customers. Further analysis is recommended to understand the reasons behind this trend and to strategize on improving the efficiency of accounts receivable management.
Peer comparison
Sep 30, 2024