Analog Devices Inc (ADI)
Receivables turnover
| Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,285,710 | 9,487,500 | 10,182,440 | 11,300,180 | 12,053,800 | 12,591,670 | 12,643,210 | 12,366,050 | 11,809,200 | 10,683,340 | 9,383,500 | 8,122,390 | 7,048,520 | 6,456,420 | 6,153,710 | 5,809,360 | 5,554,460 | 5,469,200 | 5,493,200 | 5,702,740 |
| Receivables | US$ in thousands | 1,336,330 | 1,127,160 | 1,004,630 | 1,196,720 | 1,469,730 | 1,616,240 | 1,616,260 | 1,629,870 | 1,800,460 | 1,742,650 | 1,608,250 | 1,636,930 | 1,459,060 | 823,163 | — | 826,964 | 737,536 | — | — | — |
| Receivables turnover | 6.95 | 8.42 | 10.14 | 9.44 | 8.20 | 7.79 | 7.82 | 7.59 | 6.56 | 6.13 | 5.83 | 4.96 | 4.83 | 7.84 | — | 7.02 | 7.53 | — | — | — |
November 2, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,285,710K ÷ $1,336,330K
= 6.95
Analog Devices Inc's receivables turnover has exhibited fluctuations over the periods observed. The ratio has ranged from a low of 4.83 to a high of 10.14, indicating variability in how efficiently the company is collecting its accounts receivable. Generally, a higher receivables turnover ratio is favorable as it suggests that the company is collecting its outstanding receivables more quickly.
The company's highest turnover ratio of 10.14 in May 2024 indicates that Analog Devices Inc was collecting its accounts receivable about 10.14 times during that period. This suggests a relatively efficient collections process at that time.
On the other hand, the lowest turnover ratio of 4.83 in January 2022 reflects a period where the company was collecting its receivables at a slower rate, possibly indicating issues with collections or a longer accounts receivable collection period.
Overall, fluctuations in the receivables turnover ratio for Analog Devices Inc over the periods analyzed demonstrate the importance of monitoring and managing the efficiency of accounts receivable collections to maintain healthy cash flows and working capital management.
Peer comparison
Nov 2, 2024