Coherent Inc (COHR)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,412,030 | 4,867,480 | 3,194,080 | 3,014,630 | 2,274,090 |
| Receivables | US$ in thousands | 848,542 | 901,531 | 700,331 | 658,962 | 598,124 |
| Receivables turnover | 5.20 | 5.40 | 4.56 | 4.57 | 3.80 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,412,030K ÷ $848,542K
= 5.20
Coherent Inc's receivables turnover has exhibited a fluctuating trend over the past five years, ranging from 3.80 in 2020 to 5.40 in 2023. In the latest year, the receivables turnover ratio decreased to 5.20, reflecting the number of times the company collected its accounts receivable during the period. This indicates that Coherent Inc has reduced the time it takes to collect outstanding payments from customers compared to the previous year. Overall, the company's ability to efficiently manage its receivables has shown improvement over the years, with the current ratio reflecting a moderate efficiency in collecting receivables compared to historical performance.
Peer comparison
Jun 30, 2024