Advanced Micro Devices Inc (AMD)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,875,000 | 23,650,000 | 16,401,000 | 9,684,000 | 6,528,000 |
| Receivables | US$ in thousands | 6,476,000 | 5,226,000 | 3,035,000 | 2,189,000 | 2,056,000 |
| Receivables turnover | 3.53 | 4.53 | 5.40 | 4.42 | 3.18 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,875,000K ÷ $6,476,000K
= 3.53
The receivables turnover ratio for Advanced Micro Devices Inc has fluctuated over the past five years, indicating variations in the company's ability to efficiently collect outstanding receivables. The ratio decreased from 3.18 in 2019 to 5.40 in 2021, showcasing an improvement in receivables management. Subsequently, there was a decline in 2022 to 4.53 followed by a further decrease to 3.53 in 2023, suggesting that the company took longer to collect receivables in those years. Overall, while the trend has been somewhat volatile, it is essential for Advanced Micro Devices Inc to monitor and potentially streamline its receivables collection processes to maintain healthy cash flow and financial stability.
Peer comparison
Dec 31, 2023