Calix Inc (CALX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,040,390 | 868,127 | 679,394 | 537,325 | 421,694 |
| Receivables | US$ in thousands | 126,027 | 93,804 | 85,219 | 69,419 | 46,509 |
| Receivables turnover | 8.26 | 9.25 | 7.97 | 7.74 | 9.07 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,040,390K ÷ $126,027K
= 8.26
The receivables turnover for Calix Inc has fluctuated over the past five years, ranging from 7.80 to 9.25. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. In this case, the trend shows a slight decline from 2019 to 2021, followed by a slight improvement in 2022 and a further decrease in 2023.
The decreasing trend in receivables turnover may suggest that Calix Inc is taking longer to collect payments from its customers, which could potentially signal issues with credit policies, customer payment behaviors, or collection processes. It is important for the company to monitor this ratio closely to ensure efficient management of its accounts receivable and timely collection of outstanding payments.
Peer comparison
Dec 31, 2023