Broadcom Inc (AVGO)
Receivables turnover
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Receivables | US$ in thousands | 3,154,000 | 2,958,000 | 2,071,000 | 2,297,000 | 3,259,000 |
| Receivables turnover | 11.36 | 11.22 | 13.25 | 10.40 | 6.93 |
October 29, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $35,819,000K ÷ $3,154,000K
= 11.36
The receivables turnover ratio for Broadcom Inc has shown a fluctuating pattern over the past five years. The ratio peaked at 13.25 in October 31, 2021, reflecting an efficient collection of receivables during that period. However, it decreased to 6.93 in November 3, 2019, indicating a slower conversion of receivables into cash. Overall, the company's ability to collect outstanding receivables has been relatively stable, with the most recent figure standing at 11.36 as of October 29, 2023. This suggests that Broadcom Inc is efficiently managing its accounts receivable and converting them into cash, albeit with some variability over the years.
Peer comparison
Oct 29, 2023