Calix Inc (CALX)
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 | 1,040,393 | 1,019,662 | 992,161 | 933,187 | 868,127 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 | 424,235 | 419,560 | 419,774 | 431,172 |
| Receivables | US$ in thousands | 126,027 | 85,861 | 96,980 | — | 93,804 | — | — | — | 85,219 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 8.26 | 11.88 | 10.23 | — | 9.25 | — | — | — | 7.97 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,040,393K ÷ $126,027K
= 8.26
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.
Looking at the data for Calix Inc's receivables turnover over the past eight quarters, we can see that there has been variability in the ratio. In Q3 2023, the ratio was relatively high at 12.64, indicating that the company was able to collect payments from customers at a faster rate compared to the previous quarters. This may suggest effective credit and collection policies in place during that quarter.
In contrast, Q4 2023 saw a decrease in the receivables turnover ratio to 8.25, which could potentially indicate a slower collection of accounts receivable in that period. Despite the slight dip, the ratio still remains at a reasonable level compared to earlier quarters.
Overall, Calix Inc's receivables turnover performance has shown fluctuations over the quarters, but the company has generally maintained a relatively stable turnover ratio. It would be important for the company to monitor this ratio closely to ensure efficient management of accounts receivable and timely collection of payments from customers.
Peer comparison
Dec 31, 2023