Advanced Energy Industries Inc (AEIS)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,639,083 | 1,729,945 | 1,837,914 | 1,864,718 | 1,838,443 | 1,745,464 | 1,576,116 | 1,496,837 | 1,451,137 | 1,425,066 | 1,468,727 | 1,447,130 | 1,409,954 | 1,378,932 | 1,164,898 | 961,575 | 789,424 | 605,317 | 603,631 | 664,251 |
| Receivables | US$ in thousands | 282,430 | — | — | — | 300,683 | — | — | — | 10,768 | 19,005 | 15,075 | 5,321 | 4,804 | 13,042 | -2,615 | -5,996 | -3,500 | -1,707 | 2,566 | -170 |
| Receivables turnover | 5.80 | — | — | — | 6.11 | — | — | — | 134.76 | 74.98 | 97.43 | 271.97 | 293.50 | 105.73 | — | — | — | — | 235.24 | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,639,083K ÷ $282,430K
= 5.80
The receivables turnover for Advanced Energy Industries Inc. has exhibited varying levels over the past eight quarters, with an average of approximately 6.29. The ratio indicates how efficiently the company is collecting payments from its customers.
In Q2 2023 and Q4 2022, the company had the highest receivables turnover of 7.14 and 6.14, respectively, suggesting that it was able to collect outstanding receivables relatively quickly during those periods. This may be indicative of effective credit and collection policies in place.
Conversely, Q3 2022 had the lowest turnover ratio of 5.71, implying a slower rate of collections during that quarter. However, it is worth noting that even the lowest turnover ratio is still above 5, indicating that Advanced Energy Industries Inc. generally manages its accounts receivable efficiently.
Overall, the trend in receivables turnover over the past eight quarters shows some fluctuations but remains relatively stable around the average of 6.29. This suggests that the company has been effectively managing its accounts receivable, maintaining a healthy balance between extending credit to customers and collecting payments in a timely manner.
Peer comparison
Dec 31, 2023