Allegro Microsystems Inc (ALGM)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 23, 2022 | Sep 23, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 737,693 | 810,951 | 933,063 | 1,043,668 | 1,070,478 | 1,067,931 | 1,030,581 | 972,710 | 905,391 | 843,434 | 799,845 | 768,055 | 741,851 | 710,474 | 653,311 |
| Receivables | US$ in thousands | 83,805 | 76,985 | 63,358 | 118,508 | 114,324 | 118,947 | 121,506 | 141,787 | 128,127 | 119,080 | 121,633 | 114,615 | 105,946 | 97,824 | 101,500 |
| Receivables turnover | 8.80 | 10.53 | 14.73 | 8.81 | 9.36 | 8.98 | 8.48 | 6.86 | 7.07 | 7.08 | 6.58 | 6.70 | 7.00 | 7.26 | 6.44 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $737,693K ÷ $83,805K
= 8.80
The receivables turnover ratio for Allegro Microsystems Inc has fluctuated over the periods provided. The ratio, which measures how efficiently the company is collecting payments from its customers, increased from 6.44 in June 2021 to a peak of 14.73 in June 2024, indicating a significant improvement in the collection of receivables during this period.
However, in the subsequent quarters, the ratio declined from this peak, reaching 8.80 by December 2024. This decrease may suggest that the company is taking longer to collect payments from its customers, which could potentially impact its cash flow and liquidity.
Overall, the trend in the receivables turnover ratio for Allegro Microsystems Inc shows some volatility, with periods of strong improvement followed by declines. It would be important for the company to closely monitor and manage its accounts receivable collection process to ensure timely and efficient collection in the future.
Peer comparison
Dec 31, 2024