Arista Networks (ANET)

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	5,860,170	5,595,280	5,262,620	4,855,590	4,381,306	3,930,215	3,502,112	3,157,541	2,948,037	2,772,060	2,628,794	2,462,045	2,317,512	2,221,576	2,274,860	2,342,611	2,415,006	2,458,186	2,362,107	2,272,951
Receivables	US$ in thousands	1,024,570	833,374	779,726	862,875	923,096	651,512	585,786	648,606	516,509	395,590	364,214	380,466	389,540	300,217	383,225	352,159	391,987	447,252	343,080	271,246
Receivables turnover		5.72	6.71	6.75	5.63	4.75	6.03	5.98	4.87	5.71	7.01	7.22	6.47	5.95	7.40	5.94	6.65	6.16	5.50	6.89	8.38

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,860,170K ÷ $1,024,570K
= 5.72

Based on the data provided, Arista Networks Inc's receivables turnover has been fluctuating over the past eight quarters. The receivables turnover ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.

In Q4 2023, the receivables turnover was 5.72, which suggests that Arista Networks Inc collected its accounts receivable approximately 5.72 times during that quarter. This was a decrease from the previous quarter's value of 6.71. The company experienced a similar decrease in Q1 2023 with a turnover of 5.63, but Q2 2023 saw a slight improvement to 6.75.

Comparing year-over-year data, Q4 2023 exhibited an improvement compared to the same period in 2022 when the turnover was 4.75. However, Q3 2023 showed a higher turnover ratio of 6.03 in 2022.

Overall, the receivables turnover ratio for Arista Networks Inc has shown some variability, with fluctuations in each quarter. The company should continue to monitor this ratio to ensure efficient management of its accounts receivable and timely collections.