Arista Networks (ANET)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,860,170 | 4,381,310 | 2,948,040 | 2,321,810 | 2,415,010 |
| Receivables | US$ in thousands | 1,024,570 | 923,096 | 516,509 | 389,540 | 391,987 |
| Receivables turnover | 5.72 | 4.75 | 5.71 | 5.96 | 6.16 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,860,170K ÷ $1,024,570K
= 5.72
The receivables turnover of Arista Networks Inc has shown some fluctuations over the past five years. The company's ability to collect its accounts receivable has varied, with the ratio ranging from a low of 4.75 in 2022 to a high of 6.15 in 2019. In 2023, the receivables turnover improved to 5.72 from the previous year. This indicates that, on average, Arista Networks Inc collected its receivables approximately 5.72 times during the year, a positive sign of the company's efficiency in managing its accounts receivable. Overall, the company's ability to convert its accounts receivable into cash has been relatively stable over the years, albeit with some fluctuations.
Peer comparison
Dec 31, 2023