Ciena Corp (CIEN)
Receivables turnover
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,367,750 | 4,386,560 | 4,228,080 | 4,028,171 | 3,844,738 | 3,632,661 | 3,703,141 | 3,823,301 | 3,708,001 | 3,620,688 | 3,407,678 | 3,396,249 | 3,456,375 | 3,477,772 | 3,468,109 | 3,221,375 | 2,973,457 | 2,939,379 | 2,849,281 | 2,814,309 |
| Receivables | US$ in thousands | 886,149 | 1,037,280 | 1,015,110 | 1,077,950 | 1,079,180 | 944,798 | 817,362 | 789,533 | 807,198 | 903,366 | 896,037 | — | 726,124 | 741,386 | — | — | 781,341 | 728,940 | 647,380 | 553,724 |
| Receivables turnover | 4.93 | 4.23 | 4.17 | 3.74 | 3.56 | 3.84 | 4.53 | 4.84 | 4.59 | 4.01 | 3.80 | — | 4.76 | 4.69 | — | — | 3.81 | 4.03 | 4.40 | 5.08 |
January 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,367,750K ÷ $886,149K
= 4.93
To analyze the receivables turnover of CIENA Corp., we observe fluctuations in the ratio over the past eight quarters. Receivables turnover measures how efficiently the company collects outstanding receivables during a specific period. A higher ratio generally indicates a more effective accounts receivable management process.
CIENA's receivables turnover has varied over the quarters, ranging from a low of 3.13 in Q1 2023 to a peak of 4.21 in Q1 2024. The ratio increased slightly in Q4 2023 compared to Q3 2023, signifying a potential improvement in collecting outstanding receivables. However, the turnover decreased in subsequent quarters in 2023 before picking up in Q1 2024.
Despite fluctuations, the average receivables turnover for the periods analyzed remained relatively stable. It is important to monitor receivables turnover consistently to assess the company's efficiency in collecting receivables and managing its cash flow effectively.
Peer comparison
Jan 27, 2024