Arlo Technologies (ARLO)
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 | 495,885 | 478,632 | 475,901 | 479,098 | 493,340 | 517,147 | 499,348 | 478,314 | 435,648 | 407,138 | 406,300 | 374,509 | 358,206 | 365,783 | 362,185 | 379,712 | 372,177 | 371,922 | 396,887 | 423,525 |
| Receivables | US$ in thousands | 65,360 | 70,313 | 57,327 | -329 | 65,960 | -364 | -405 | -339 | 79,564 | -326 | 51,890 | 51,121 | 77,643 | 56,431 | 46,466 | 61,376 | 127,446 | 99,698 | 79,707 | 71,696 |
| Receivables turnover | 7.59 | 6.81 | 8.30 | — | 7.48 | — | — | — | 5.48 | — | 7.83 | 7.33 | 4.61 | 6.48 | 7.79 | 6.19 | 2.92 | 3.73 | 4.98 | 5.91 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $495,885K ÷ $65,360K
= 7.59
To analyze Arlo Technologies Inc's receivables turnover, we calculated the ratio by dividing net sales by average accounts receivable for each quarter. The receivables turnover has shown fluctuations over the past eight quarters, ranging from a low of 6.12 in Q1 2022 to a high of 9.02 in Q1 2023.
The trend indicates that the company's ability to collect outstanding receivables has improved since Q1 2022. A higher turnover ratio suggests that Arlo Technologies is collecting its receivables more efficiently. This might indicate a more proactive approach in managing credit and collections, leading to a quicker conversion of receivables into cash.
However, it is essential to note that receivables turnover should be analyzed in conjunction with other financial metrics to get a comprehensive view of the company's overall financial health and performance. Further analysis of cash flow, profitability, and liquidity ratios would provide a more holistic understanding of Arlo Technologies Inc's financial position.
Peer comparison
Dec 31, 2023