Broadcom Inc (AVGO)
Receivables turnover
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 38,865,000 | 35,819,000 | 35,454,000 | 35,042,000 | 34,412,000 | 33,203,000 | 31,680,000 | 29,994,000 | 28,501,000 | 27,450,000 | 26,510,000 | 25,553,000 | 24,685,000 | 23,888,000 | 23,197,000 | 22,891,000 | 22,666,000 | 22,597,000 | 22,265,000 | 21,813,000 |
| Receivables | US$ in thousands | 4,969,000 | 3,154,000 | 2,914,000 | 3,031,000 | 3,234,000 | 2,958,000 | 2,708,000 | — | 2,539,000 | 2,071,000 | — | — | 2,524,000 | 2,297,000 | — | — | — | — | — | — |
| Receivables turnover | 7.82 | 11.36 | 12.17 | 11.56 | 10.64 | 11.22 | 11.70 | — | 11.23 | 13.25 | — | — | 9.78 | 10.40 | — | — | — | — | — | — |
February 4, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $38,865,000K ÷ $4,969,000K
= 7.82
The receivables turnover ratio for Broadcom Inc has shown some variability over the past few quarters. In general, the ratio indicates how efficiently the company is collecting payments from its customers.
Looking at the data provided, there is a clear increasing trend in the receivables turnover ratio from November 2020 to July 2023, with the ratio consistently above 10. This suggests that Broadcom has been effective in converting its accounts receivables into cash during this period.
In particular, the ratio peaked at 12.17 in July 2023, indicating that the company collected its receivables more than 12 times during that period. This demonstrates strong efficiency in managing its receivables and cash flow.
However, there are some gaps in the data where the receivables turnover ratio is not available. More consistent data points would provide a clearer picture of the company's receivables management performance.
Overall, based on the available data, Broadcom Inc has exhibited a favorable trend in its receivables turnover ratio, indicating efficient collection practices and effective management of accounts receivables.
Peer comparison
Feb 4, 2024