Ciena Corp (CIEN)
Receivables turnover
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,014,954 | 4,020,334 | 4,145,916 | 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 |
| Receivables | US$ in thousands | 954,532 | 942,359 | 879,130 | 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 |
| Receivables turnover | 4.21 | 4.27 | 4.72 | 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 |
November 2, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,014,954K ÷ $954,532K
= 4.21
The receivables turnover ratio for Ciena Corp has shown some variability over the periods provided. The ratio indicates how efficiently the company is collecting on its credit sales within a specific period. A higher turnover ratio typically signifies that the company is collecting its accounts receivable more quickly.
Analyzing the data reveals that the receivables turnover ratio fluctuated between 3.56 and 4.93. Generally, the company has maintained a consistent turnover ratio over the periods, with the latest figure being 4.21. This suggests that Ciena Corp is efficient in collecting its accounts receivable, as it turns over its receivables approximately 4 times a year on average.
It is worth noting that the trend of the receivables turnover ratio has been relatively stable, showing minor fluctuations but remaining within a close range. This indicates that the company has been successful in managing its accounts receivable effectively over the periods analyzed.
Overall, based on the historical data provided, Ciena Corp's receivables turnover ratio reflects a healthy and consistent collection process, demonstrating the company's ability to efficiently convert credit sales into cash.
Peer comparison
Nov 2, 2024