Applied Materials Inc (AMAT)
Receivables turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 27,176,000 | 27,176,000 | 26,517,000 | 26,274,000 | 25,785,000 |
| Receivables | US$ in thousands | — | 5,354,000 | — | 5,577,000 | — |
| Receivables turnover | — | 5.08 | — | 4.71 | — |
October 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $27,176,000K ÷ $—K
= —
The receivables turnover ratio for Applied Materials Inc has shown fluctuations over the periods analyzed. As of October 29, 2023, the ratio stood at 4.71, indicating that the company collected its accounts receivables approximately 4.71 times during the year. However, the ratio was unavailable for October 31, 2022, and October 31, 2023. By October 27, 2024, the receivables turnover ratio had improved to 5.08, suggesting a more efficient collection of receivables compared to the previous period. The trend indicates a potential uptick in the company's ability to convert its outstanding receivables into cash, which could positively impact its liquidity and working capital management. Further analysis and comparison with industry benchmarks would provide a more comprehensive evaluation of Applied Materials Inc's receivables turnover performance.
Peer comparison
Oct 31, 2024