Apple Inc (AAPL)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Receivables | US$ in thousands | 66,243,000 | 43,172,000 | 41,150,000 | 50,102,000 | 60,985,000 | 39,186,000 | — | 54,180,000 | 60,932,000 | 42,242,000 | 45,400,000 | 65,253,000 | 51,506,000 | 33,908,000 | 33,036,000 | 58,620,000 | 37,445,000 | 32,075,000 | 30,677,000 | 39,946,000 |
| Receivables turnover | 5.90 | 8.91 | 9.23 | 7.66 | 6.24 | 9.73 | — | 7.09 | 6.42 | 9.11 | 8.44 | 5.76 | 7.05 | 10.18 | 9.79 | 4.98 | 7.27 | 8.47 | 8.66 | 6.63 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $391,035,000K ÷ $66,243,000K
= 5.90
The receivables turnover ratio for Apple Inc has shown some fluctuation over the past years. In the most recent quarter ending September 30, 2024, the receivables turnover was 5.90, indicating that the company collected its accounts receivable approximately 5.90 times during that period.
The trend in the receivables turnover ratio shows variations with some quarters having higher turnover rates (e.g., 10.18 in March 31, 2021) and some lower (e.g., 4.98 in December 31, 2020). Generally, a higher receivables turnover ratio indicates better efficiency in collecting outstanding receivables, while a lower ratio may suggest that the company is taking longer to collect payments from its customers.
It is important to note that the absence of data in some quarters, such as March 31, 2023, may be due to the unavailability of relevant financial information or changes in reporting practices. Overall, analyzing the trend of receivables turnover can provide insights into Apple Inc's management of accounts receivable and its effectiveness in collecting outstanding payments from customers.
Peer comparison
Sep 30, 2024