Broadcom Inc (AVGO)
Receivables turnover
| Nov 3, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 51,574,000 | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 |
| Receivables | US$ in thousands | 4,416,000 | 3,154,000 | 2,958,000 | 2,071,000 | 2,297,000 |
| Receivables turnover | 11.68 | 11.36 | 11.22 | 13.25 | 10.40 |
November 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $51,574,000K ÷ $4,416,000K
= 11.68
Broadcom Inc's receivables turnover has been relatively stable over the past five years, ranging from 10.40 to 13.25 times. The higher the ratio, the more efficiently the company is collecting its accounts receivable. In this case, the receivables turnover has generally been healthy, indicating that Broadcom is effective in converting its credit sales into cash. However, it's worth noting that there was a slight decrease in receivables turnover from 2021 to 2022 before increasing again in 2023 and 2024. This may suggest a temporary slowdown in collection efficiency in 2022, but the subsequent improvement indicates that the company has managed to address this issue. Overall, Broadcom Inc's receivables turnover indicates effective management of its accounts receivable.
Peer comparison
Nov 3, 2024