Alpha and Omega Semiconductor Ltd (AOSL)

Receivables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	657,274	691,321	777,552	656,902	464,909
Receivables	US$ in thousands	15,647	23,693	66,451	38,064	13,341
Receivables turnover		42.01	29.18	11.70	17.26	34.85

June 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $657,274K ÷ $15,647K
= 42.01

Alpha and Omega Semiconductor Ltd's receivables turnover ratio has fluctuated over the past five years. The company's receivables turnover was 42.01 times in June 2024, compared to 29.18 times in June 2023, indicating a significant improvement in collecting receivables efficiently. This high turnover ratio suggests that the company is able to quickly convert its accounts receivable into cash, which is a positive sign of effective credit management.

In contrast, the receivables turnover was notably lower in June 2022 at 11.70 times and June 2021 at 17.26 times. This could indicate potential delays in collecting payments from customers during those periods. However, the ratio improved significantly in June 2023 and reached its peak in June 2024.

Overall, the trend in Alpha and Omega Semiconductor Ltd's receivables turnover ratio shows variability, but the recent increase in the ratio to 42.01 times in June 2024 suggests improved efficiency in collecting receivables, which could reflect positively on the company's liquidity and working capital management.