Arrow Electronics Inc (ARW)
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 | 33,107,130 | 34,580,990 | 35,840,400 | 36,786,720 | 37,124,410 | 36,817,470 | 36,063,430 | 35,165,220 | 34,477,020 | 33,915,130 | 32,634,000 | 30,677,860 | 28,673,360 | 27,557,360 | 27,404,220 | 28,142,280 | 28,916,850 | 29,496,840 | 29,909,160 | 29,957,140 |
| Receivables | US$ in thousands | 12,238,100 | 10,663,200 | 11,035,900 | — | 12,322,700 | — | — | — | 11,123,900 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 2.71 | 3.24 | 3.25 | — | 3.01 | — | — | — | 3.10 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $33,107,130K ÷ $12,238,100K
= 2.71
The receivables turnover ratio for Arrow Electronics Inc. has been fluctuating over the past eight quarters. It averaged 3.18 over this period.
In Q4 2023, the receivables turnover ratio decreased to 2.71 from 3.24 in the previous quarter. This suggests that the company took longer to collect its accounts receivable in Q4 compared to Q3 2023.
While the Q4 2023 ratio is lower than the average, it is important to note that it is within the range of the company's historical ratios. Arrow Electronics Inc. should monitor this ratio closely to ensure timely collection of receivables to maintain a healthy cash flow and liquidity position.
Overall, the fluctuation in the receivables turnover ratio indicates potential changes in the company's credit policies, customer payment behaviors, or sales volume that may impact its financial performance.
Peer comparison
Dec 31, 2023